The HCOB Eurozone Services PMI was revised slightly up to 53.6 in November 2025 from a preliminary estimate of 53.1, compared to 53 in October. This was the sixth consecutive month of growth and the fastest pace since May 2023. The faster rise in activity was accompanied by stronger sales growth, as demand improved for a fourth consecutive month and at the quickest rate in 18 months. Firms also cleared backlogs, reversing October’s slight increase. Employment continued to grow, extending nearly five years of gains, though job creation slowed from October’s 16-month high. . Meanwhile, business confidence improved slightly, with optimists still outnumbering pessimists, but expectations remained below their long-run average. Regarding prices, Price pressures picked up slightly, although input price inflation was among the lowest over the past 12 months. Output charges increased at the softest pace in over four-and-a-half years.