Eurozone Composite PMI Holds Firm in November

2025-11-21 09:11 By Joana Ferreira 1 min. read

The HCOB Eurozone Composite PMI came in at 52.4 in November 2025, just below October’s 52.5 and broadly in line with market expectations, preliminary data showed.

The reading indicates another solid monthly increase in business activity, marking one of the strongest expansions in the past two and a half years.

Growth continued to be driven by the services sector, which posted its fastest rise in output in 18 months, while manufacturing activity expanded only marginally and at the joint-slowest pace in the current nine-month growth streak.

New order growth weakened amid a further decline in export demand, while employment levels were unchanged as companies showed caution toward additional hiring.

Backlogs of work continued to shrink.

On the inflation front, input costs rose at the fastest rate since March, but output price inflation eased to its lowest level in just over a year.

Business sentiment edged higher in November, signaling improving confidence despite softer demand indicators.



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