Eurozone manufacturing activity at almost 2.5-year high

Source: WBP Online
The Eurozone manufacturing PMI advanced 0.2 points to 51.5 in November from prior month, matching the analysts' expectations, while the figure is heading for almost 2.5-year high level. Despite the fact that euro area economy expanded for fifth straight month in November, on the quarterly basis there is a slight increase in GDP of only 0.2%. Meanwhile, it is most likely that ECB will keep it minimum bid rate at record low 0.25% until 2015, and it is not excluded that the central bank might reduce it to as low as 0.0%.
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