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Euro-Area Economy Is Just About Growing as Factory Slump Spreads

  • Composite PMI at 50.6 in November, above initial 50.3 reading
  • Report ‘indicates a near-stagnant economy,’ Williamson says
Employees attach hydraulic pipework to a section of tractor frame inside an agricultural machinery factory in Marktoberdorf.

Employees attach hydraulic pipework to a section of tractor frame inside an agricultural machinery factory in Marktoberdorf.

Photographer: Krisztian Bocsi/Bloomberg

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The euro area keeps just about expanding amid mounting evidence that a manufacturing slump has started to spread to other parts of the economy.