FRANKFURT (MktNews) - The Handelsblatt leading economic index for the eurozone remained unchanged at a low level in November, as some positive signals for the economy were offset by declining business and consumer sentiment, according to the Handelsblatt`s Monday edition. The German business newspaper's indicator remained at 1.1% in November. In November 2000, it stood at 3.5%. The October leading indicator was dampened by declining consumer and business sentiment in the aftermath of the September 11 terrorist attacks. However, these declines were offset by positive "hard" indicators such as declining inflation and a monetary policy that is "anything but restrictive," the papaer said. For the whole year of 2001, the Handelsblat indicator is forecasting eurozone growth of 1.5%, according to the Handelsblatt. The Handelsblatt's index is designed to be a leading indicator of EMU GDP developments, signalling economic activity about three months ahead of time. The Handelsblatt economic indicator index is composed of the EU Commission indexes of industrial and consumer sentiment, seasonally adjusted industrial production (excluding construction), M2 growth, HICP and interest rate differential.