FX.co ★ Eurozone Services PMI Picks Up 18-Month High

The HCOB Eurozone Services PMI increased to 53.1 in November 2025, improving from 53 in the prior month. This figure exceeded the anticipated 52.8 and represented an 18-month peak. The sector saw its most rapid activity growth since mid-2024, driven by robust expansion in new orders. While employment continued to climb, it did so moderately, reflecting more cautious hiring practices. Input costs rose more quickly, indicating a resurgence in inflationary pressures; however, the inflation of output prices decelerated to its slowest rate since April 2021. Business confidence experienced a slight dip, showing that companies remain hopeful yet somewhat less optimistic about future prospects.