Brussels
Eurozone economic activity plunged in November, a key survey showed on Monday, due to a resurgence of lockdowns across Europe as the second wave of the coronavirus tightened its grip. “The eurozone economy has plunged back into a severe decline in November amid renewed efforts to quash the rising tide of Covid-19 infections,” said Chris Williamson, chief economist at IHS Markit. The firm’s closely watched PMI index plummeted to 45.1 points from 50.0 points in October, well below the key 50-point level which indicates growth.—AFP
