Europe Services, Manufacturing Strengthen; Sales Rise

Growth in Europe’s services and manufacturing industries accelerated at a faster pace than initially estimated and retail sales increased more than economists forecast, led by Germany.

A composite index based on a survey of euro-area purchasing managers in services businesses and factories climbed to 55.5 in November from 53.8 in October, London-based Markit Economics said today. It initially reported a gain to 55.4. Retail sales rose 0.5 percent in October, the European Union statistics office in Luxembourg said. Economists forecast 0.2 percent, the median of 19 estimates in a Bloomberg News survey shows.