Eurozone manufacturing PMI: Factories shrink for 10th successive month

Reported today on City AM

Eurozone manufacturing activity contracted for a 10th straight month in November, but factories in the bloc fared slightly better than expected.IHS Markit's final manufacturing Purchasing Managers' Index (PMI) rose to 46.9 for November, better than expected but still below the 50-point threshold indicating contraction.The bloc's factories have contracted every month since February, but last month's reading was the highest in three months and ahead of preliminary estimates of 46.6.More to follow