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December 1, 2025
Euro traded at 1.1626 against USD at 9:00 AM PST
Eurozone manufacturing activity weakened in November as new orders decreased, signaling fresh headwinds to demand. The PMI fell to 49.6 from 50.0 in October. The flash reading was 49.7. The score signaled a renewed deterioration in manufacturing conditions across the single currency union. Although the decline was the most pronounced since June, it was only marginal.
National PMI revealed a stark contrast in performance between the Eurozone's two largest economies, Germany and France, and the rest of the currency bloc. New work received by manufacturers decreased in November. Sales to overseas markets remained a challenge for factories. Nonetheless, manufacturing output growth expanded for the ninth straight month. Factory job losses intensified, and inventory levels were depleted at a faster rate. However, there was a sustained rise in production and a pick-up in business confidence.
On the price front, input prices increased at the strongest pace since March. By contrast, output charges were reduced fractionally. Germany's manufacturing activity shrank the most in nine months in November with a notable fall in new orders. The final PMI slid to 48.2 from 49.6 in the previous month.
In France, manufacturing activity shrank as many companies held back investment due to political uncertainty. France's final factory PMI also dropped to a nine-month low of 47.8 from 48.8 in the prior month. By contrast, Italy's manufacturing activity registered its fastest growth in over two-and-a-half years in November. The manufacturing PMI posted 50.6, up from 49.9 in the prior month. Spain's manufacturing economy continued to expand, with output and new orders rising strongly. However, the factory PMI declined to 51.5 from 52.1 in October. 12/01/2025 - 05:40:00 (RTTNews)
British Pounds traded at 1.3230 against USD at 9:00 AM PST
The U.K. manufacturing activity expanded for the first time in over a year in November as the recent downturn in new business intakes halted. The final factory PMI rose to a 14-month high of 50.2 in November from 49.7 in October. A score above 50.0 indicates expansion.
Manufacturers benefited from improved domestic demand and a softer contraction in new export work. Business optimism rose to a nine-month high in November. However, manufacturing job losses were reported for the thirteenth straight month in November. Input price inflationary pressures weakened for the third consecutive month. Factory gate selling prices dropped for the first time in over three years. 12/01/2025 - 07:59:00 (RTTNews)
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