Eurozone Composite PMI at two month low, came in at 54.0

FXStreet (Mumbai) - Eurozone PMI Composite Output Index came in at 54.0, hitting a two month low. It was at 54.2 in November. Eurozone Services PMI Activity Index also fell at 53.9, down from November’s 54.2. It is thus currently at a three month low. Eurozone Manufacturing PMI however rose to 53.1, up from 52.8 in November, marking a 20-month high.

The economy of the bloc registered a solid end to 2015, raising recovery hopes. Robust growth also led employers to take on extra staff at the fastest rate for just over four-and a-half years. Output prices however continued to fall. Payroll growth also remained subdued in manufacturing, and eased marginally since November.