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Investing.com -- European manufacturing and services sectors continued to show divergence in November, according to the latest S&P Global Europe Sector PMI data released Wednesday.
The report revealed that 11 sectors experienced expansion in output midway through the fourth quarter, slightly down from October but still the second-highest since June.
Other Financials led the growth rankings for the second consecutive month, maintaining a marked pace of increase despite some easing. Banks showed a sharper upturn in output, while Real Estate activity growth slowed to a marginal pace.
Basic Materials remained the weakest performing broad category, continuing a trend that has largely persisted since October 2024, with exceptions in April and August 2025. The downturn in this sector stemmed from sustained contractions in Chemicals and Metals & Mining, with November data also indicating a renewed drop in Forestry & Paper production.
Consumer Services sectors including Tourism & Recreation and Media saw further growth in activity, while most Consumer Goods segments such as Beverages & Food and Automobiles & Auto Parts continued to experience declining output.
Household & Personal Use Products was the exception, recording a fractional rise in production.
Demand conditions remained challenging, with only seven of the monitored sectors registering greater new order inflows in November, led by Other Financials.
Of the 19 monitored sectors, only Chemicals saw a decrease in cost burdens. Despite higher input prices, fewer sectors recorded a rise in output charges in November (13) compared to October (17), reflecting pressure on margins and efforts to boost new sales.
Employment trends weakened, with only four sectors indicating greater employment levels. This matched September 2025 as the joint-lowest figure signaling job creation since February.
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