Eurozone November PMI initial value remains strong, solidifying expectations for the ECB to pause rate cuts.

According to the Wisdom Financial APP, in November, private economic activity in the Eurozone continues to maintain a strong momentum, raising hopes for accelerated economic growth in the last few months of the year. The preliminary value of the Eurozone's SPGI Composite PMI in November was 52.4, almost flat compared to October's 52.5, and still above the critical value of 50 that distinguishes growth from contraction. Analysts had expected a value of 52.5.