Euro zone business activity showed signs of improvement in November, with Germany's contraction easing, indicating a potential return to growth. However, the OECD warned that Germany's budget crisis could slow down the EU economy. Bloomberg Economics suggested that Germany's economy may grow next year by less than half the pace it could otherwise have achieved due to government reactions to a constitutional court ruling. The downturn in euro zone business activity eased but remained broad-based, suggesting a contraction in the bloc's economy this quarter. The Composite Purchasing Managers' Index (PMI) indicated a 0.1% contraction in the euro zone's economy in November. The PMI for the bloc's dominant services industry rose to 48.2, indicating fears of recession. Despite economic weakness, euro-area consumer confidence improved more than anticipated, providing some solace. Additionally, JPMorgan reported a 0.4pt rise to 51.0 in the flash November report for the headline activity index for the services PMI. Germany's economy recorded a contraction in the third quarter, and the UK consumer confidence jumped despite lingering inflation pain.
Germany’s economy may grow next year by less than half the pace it could otherwise have achieved as the government reacts to a constitutional court ruling, Bloomberg Economics says https://t.co/l5wG9xJHsv
Sterling nears three-month high; UK consumers more upbeat https://t.co/VzCpV4e782 https://t.co/eSa6YKaiZT
Germany's economy records contraction in third quarter https://t.co/QfvhVKgHX2 https://t.co/21XpdotBPv
"We believe the headline activity index for the services PMI rose 0.4pt to 51.0 in the flash November report." - JPMorgan https://t.co/kd1vzuhfJK
Euro-area consumer confidence improves more than anticipated, providing some solace at a time of economic weakness across the 20-nation currency bloc https://t.co/EdYx3fFbMJ
Fears of recession grew for the euro zone as the PMI covering the bloc's dominant services industry rose to 48.2 from last month's 47.8 https://t.co/Y3POGMk01Y https://t.co/r9ZNgjSgYy
WATCH: Fears of recession grew for the euro zone as the PMI covering the bloc's dominant services industry rose to 48.2 from last month's 47.8 https://t.co/U5Q9n1fXFg https://t.co/i8AkbSxcZd
UK consumer confidence jumps despite lingering inflation pain https://t.co/BBeWYhtE8q https://t.co/mMxfiYpxPS
Euro zone is on track to decline again in the fourth quarter, PMI showed. The downtu in business activity eased this month, rising to 47.1 from October's near three-year low of 46.5, but still below the key 50 mark separating contraction from growth https://t.co/U5Q9n1fXFg https://t.co/T2IXgT4Tj6
Euro zone is on track to decline again in the fourth quarter, PMI showed. The downturn in business activity eased this month, rising to 47.1 from October's near three-year low of 46.5, but still below the key 50 mark separating contraction from growth https://t.co/Y3POGMkxRw https://t.co/tlo9UPRMxV
WATCH: Recession fears loom large for the euro zone. The Composite Purchasing Managers' Index or the PMI showed the bloc's economy contracted 0.1% in November https://t.co/U5Q9n1fpPI https://t.co/webghmTxfv
Recession fears loom large for the euro zone. The Composite Purchasing Managers' Index or the PMI showed the bloc's economy contracted 0.1% in November https://t.co/Y3POGMk01Y https://t.co/kZFwZBXCOa
WATCH: The downturn in euro zone business activity eased in November but remained broadbased, suggesting the bloc's economy will contract again this quarter as consumers continue to rein in spending, a survey showed https://t.co/U5Q9n1fpPI https://t.co/bSdlLjqXno
The downturn in euro zone business activity eased in November but remained broadbased, suggesting the bloc's economy will contract again this quarter as consumers continue to rein in spending, a survey showed https://t.co/Y3POGMkxRw https://t.co/DdNqQxcUMd
Germany’s economy may grow next year by less than half the pace it could otherwise have achieved as the government reacts to a constitutional court ruling, Bloomberg Economics says https://t.co/S6UIORAFqT
Germany’s economy may grow next year by less than half the pace it could otherwise have achieved as the government reacts to a constitutional court ruling, Bloomberg Economics says https://t.co/Zgz07MmGJ0
Germany’s economy may grow next year by less than half the pace it could otherwise have achieved as the government reacts to a constitutional court ruling, Bloomberg Economics says https://t.co/2gyQYp9kmn
German steel sector warns of risk to industry due to budget shortfall https://t.co/eIdLt3V6Sh https://t.co/B3sBUwgLeC
OECD: German budget crisis could slow down EU economy https://t.co/6dO65ayRZh https://t.co/MAHsfpcHPN
Easing of eurozone business woes allays fears of deep recession https://t.co/oFHMftoXeB
Germany’s contraction eases in November in a signal that growth will soon return to the euro area’s biggest economy https://t.co/YqRcLxJczP
Euro zone business activity fell again in November https://t.co/Xnk6cnirdT https://t.co/o0z54ak2cR