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Eurozone business activity rose in November, driven by strong services growth, while manufacturing remained weak.
Eurozone business activity expanded in November, with services growing at an 18-month high, though manufacturing contracted for the third straight month due to weak demand.
The composite PMI dipped slightly to 52.4, remaining above the 50 threshold, while Germany’s sector slowed and France saw near-stabilization.
In the UK, growth nearly stalled ahead of the budget, with inflation near the ECB’s 2% target, supporting expectations of unchanged interest rates.
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La actividad empresarial de la eurozona aumentó en noviembre, impulsada por un fuerte crecimiento de los servicios, mientras que la manufactura se mantuvo débil.