Eurozone: PMI details were favorable - BBH

Research Team at BBH, notes that the flash euro area PMI’s composite November reading rose to 54.1 from 53.3 which is a new high for the year. 

Key Quotes

“The details were favorable.  Employment, prices, and new orders all rose.  The ECB meets on December 8, a few days after the Italian referendum.  There are mixed economic signals.  While the PMI suggests the region will end the year with trend growth or better, officials will still be concerned about the uneven nature of the economic growth and its fragility.  Moreover, inflation is seeing little traction.”