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The November data follow the worldwide PMI surveys that indicated a solid start to the fourth quarter for the global economy, with business activity rising at the fastest rate for 26 months in October. Business confidence also improved markedly as companies grew more optimistic about the year ahead. Nevertheless, firms remained cautious regarding hiring, keeping payroll numbers steady on average amid worries about the impact of second COVID-19 waves, which cast a shadow over recovery prospects in the coming months.
More insights into whether the recovery is progressing or whether heightened restrictions in some nations are impacting recoveries will be revealed by the final November data, published between 1 and 3 December.
Join our 30-minute global PMI webcast followed by QA, to gain a detailed overview of the latest trends, including details on both manufacturing and services conditions in all major developed and emerging markets.
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