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    Home » Eurozone Productivity Growth Remains Unchanged in November
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    Eurozone Productivity Growth Remains Unchanged in November

    December 6, 20211 Min Read
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    Eurozone’s private sector productivity continued to rise as the pace of growth remained at October’s recent low.

    • The seasonally adjusted Eurozone Productivity PMI stood at 50.3 in November, indicating growth for the last eight consecutive months.
    • Manufacturing was the major area causing a decline in the headline figure, recording repeated deteriorations in workforce efficiency.
    • Service providers posted another improvement with an increase in the productivity of the Eurozone service economy for the seventh consecutive month.
    • Italy was the best-performing economy in the euro area with higher private sector productivity. Manufacturers in Italy also reported an improvement in workforce efficiency.
    • Growth in France’s productivity was largely based on the service sector that posted an improvement in workforce efficiency.

    Among the three major Eurozone countries, only Germany posted a reduction in productivity. Both German manufacturers and providers reported efficiency losses in November.

    Euro Stoxx 50 up +0.67%, EUR USD down -0.10%

    Source: IHS Markit.

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