Euro Zone November Business Growth Acceleration May Be Temporary: PMI

People enjoy an evening drink at Place de la Contrescarpe in Paris as cafes, as bars and restaurants reopen after closing down for months amid the coronavirus disease (COVID-19) outbreak in France, on May 19, 2021. Sarah Meyssonnier/Reuters

LONDON—Euro zone business activity accelerated last month but the bounce may be temporary as demand growth weakened and fears about the Omicron coronavirus variant put a dent in optimism, a survey showed on Friday.

IHS Markit’s Flash Composite Purchasing Managers’ Index (PMI), a good gauge of overall economic health, jumped to 55.4 in November from 54.2 in October, below an earlier 55.8 “flash” estimate but still above the 50 mark separating growth from contraction.