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Eurozone private sector growth hits 4-year high

Published 11/23/2015, 06:44 AM
Updated 11/23/2015, 06:44 AM

Investing.com - Growth in the euro zone private sector rose at the fastest pace since May 2011 this month, but inflation pressures remained weak.

The euro zone composite PMI, which measures activity in the manufacturing and service sectors, rose to 54.4 from 53.9 in October.

The strongest growth was seen in the euro zone periphery, rather than its two largest economies.

Growth in France’s private sector fell to lowest level in three months, with service sector activity hit by terror attacks in Paris.

This was offset by acceleration in Germany’s private sector, with growth picking up to a three-month high this month.

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