New economic data out of Europe shows the region’s businesses are the strongest they’ve been in four years. That’s despite the political turmoil over migration issues and the recent Paris attacks. The eurozone manufacturing and services output beat expectations for November, recording a PMI of 54.4, up from last month’s score of 53.9, where numbers above 50 indicate growth. Despite a slowdown in France, the European economy reported the biggest expansion in four years, but companies are slashing prices and keeping inflation below the ECB target of 2 percent. Analysts suspect that Monday’s data will do little to dissuade the European Central Bank from adding further stimulus to the economy in December.
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