Euro-Area Economic Growth Gathers Pace as Orders and Prices Rise

Euro-area economic growth accelerated to its fastest pace this year as growing order books prompted companies to add more workers and raise prices.

A Purchasing Managers’ Index for manufacturing and services rose to 54.1 in November from 53.3 a month earlier, IHS Markit said on Wednesday. That’s the strongest level in 11 months and above the 50 mark that divides expansion from contraction.