Eurozone manufacturing PMI up slightly in November

"However, by posting another sub-50.0 reading -- the fifth in as many months -- the headline index signaled a further deterioration in the health of the goods-producing sector," it noted.

The press release pointed to further easing in inflationary pressures, adding that the level of incoming new orders also "fell sharply once again as client demand in markets across the eurozone and other parts of the globe deteriorated."

Chris Williamson, a chief business economist at S&P Global, said the latest PMI data was a signal of moderation in the euro area manufacturing downturn.

Noting that supplier delivery times had lengthened over the last month, Williamson said: "Future output expectations have picked up slightly on improved supply chain and energy market signals, the latter buoyed by warmer than usual autumn weather, but confidence remains amongst the lowest seen over the past decade."

Source: Anadolu Agency