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Enterprise within the Eurozone drops to a six-month low after new coronavirus lockdowns

Champs-Elysees Avenue and the Arc de Triomphe can be seen after the Christmas lights were turned on on November 22, 2020 in Paris, France.

Xinhua News Agency | Xinhua News Agency | Getty Images

LONDON – Economic activity in the Eurozone fell again in November after governments put new lockdowns and social restrictions in place to contain the further spread of the coronavirus.

However, news that a Covid-19 vaccine could soon be ready for distribution has made companies more confident about returning to their normal levels of activity in the next 12 months.

The Flash Eurozone PMI Composite Output Index, which tracks activity in both manufacturing and services, was 45.1 in November, its lowest level in six months.

A value below 50 means a decline in business activity.

This is a breaking news item that will be updated.

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