Economy of the Eurozone grew in November at the slowest pace in almost 4 years

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According to official data, economic growth in the eurozone in November showed the slowest pace in almost 4 years, which lowers hopes for the recovery of growth in the fourth quarter, Bloomberg reports. IHS Markit pointed out that the composite PMI index in November was 52.4 points, down from 53.1 points in October. Experts had expected a less significant drop in the index - only up to 53 points. A reduction in global demand and the escalation of trade conflicts has a negative impact on production in the region. The manufacturing PMI fell in November to 51.5 points, in the service sector - to 53.1 points. Both figures were the lowest in more than 2 years.

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