The growth rate of business activity in the eurozone slowed down in November to a minimum since September 2016

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According to IHS Markit, the composite index of the eurozone business activity in November was 52.7 points, down from October's value of 53.1 points. Growth rates in November were minimal since September 2016. The business activity index in the services sector fell in November to a minimum of more than 2 years, its value of 53.4 points was below 53.7 points in October. The IHS Markit report indicates that the fall in the composite index is due to the dynamics of new orders, the growth of which slowed down in November to a minimum of 27 months. Last month, there was also a minimal growth in employment since the beginning of 2017. Negative influence on sentiment was caused by political and trade uncertainty. Expectations about the future activity of companies remained at a minimum for almost 4 years.

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