U.K. services growth slowed in November from a 16-year high as capacity pressures developed at service businesses from banks to airlines.
Euro-area services growth slowed less than initially estimated in November, as German output increased to a 10-month high, outweighing declines in France and Italy.
Euro-area manufacturing output grew more than initially estimated in November, led by Germany, the currency bloc’s largest economy.
Euro-area manufacturing expanded for a fifth month in November, as Germany continued to drive the 17- nation currency bloc’s gradual recovery from a record-long recession.
Euro-area services output grew more than initially estimated in October, adding to signs the currency bloc’s economic recovery is gaining momentum.
U.K. services unexpectedly strengthened in March, easing concern that the economy may be heading for a triple-dip recession.
U.K. companies are budgeting more for marketing than they have in 13 years, according to a survey by an advertising group, adding to evidence the economy is getting stronger.
Euro-area services and manufacturing output unexpectedly slowed in October as the recovery in the currency bloc struggled to gain momentum.
U.K. services growth maintained its pace of expansion in September, capping the best quarter for the industry in 16 years with an increase in confidence and hiring.
"Some encouragement must be gleaned from the PMI signaling expansion of the euro-zone economy for a fifth successive month in November, but the average reading over the fourth quarter so far is signaling a very modest 0.2 percent expansion."
- Chris Williamson on Nov 21, 2013