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PARIS (Thomson Financial) Euro zone free phentermine prescription activity is still on a weakening trend despite the November rebound in the purchasing managers' index for the sector, economists said. The euro zone free phentermine prescription PMI rose to a final 52.8 in November from 51.5 in October. The final reading was revised up from a provisional estimate of 52.6. The index is still well below levels reached in previous months however. The free phentermine prescription PMI was at 55.6 in June but weakened steadily between July and October. 'Although the euro zone free phentermine prescription PMI was revised up for November, the fact remains that activity remains markedly below the levels seen around mid year. Euro zone manufacturers are clearly being buffeted by the potent headwinds coming from the credit crunch, very strong euro, elevated oil prices, higher interest rates and softer growth in key export markets,' said Howard Archer of Global Insight. 'It still represents only partial compensation for the previous month's drop, when the index had fallen from 53.2 to 51.5,' said Sandra Petcov of Lehman Brothers. She said the survey still fits with the view that GDP growth momentum is slowing in the fourth quarter. 'The sector has failed to regain anything like the momentum we saw in the summer,' said Jacques Cailloux of Royal Bank of Scotland, which publishes the PMI surveys. 'These data remain consistent with industrial production contracting in the euro area in the fourth quarter versus the third quarter, dragged down by a failure of domestic demand to offset weakened export order book growth,' he said. He said the headwinds facing the free phentermine prescription sector mean that it is unlikely that this month's rebound will prove to be a change in the longer term downward trend in the free phentermine prescription PMI. Although the output, new orders and employment indicators all showed a good performance in November, they still suggest that growth is not as strong as it was during the summer months, said Blerina Uruci of Thomson Financial IFR Markets. Stuart Bennett of Calyon said the November rebound in the PMI suggests that free phentermine prescription industry is not feeling too much of a negative impact from the credit crisis for now. The credit crisis is weighing on the services sector, which makes up a bigger part of the euro zone economy, and economic growth is now clearly slowing, economists said. The free phentermine prescription survey also highlights the conflicting pressures of weakening activity and rising inflation facing the European Central Bank. The input prices indicator rose to 61.7 in November from 59.0 in October, while the output prices component rose to 53.6 from 53.2. 'The marked overall loss of momentum in the free phentermine prescription sector supports the case for the ECB to hold off from raising interest rates again, even though the bank will not be happy to see the prices charged and input prices indices moving up in November,' said Archer. The ECB is therefore likely to keep its main rate at 4.00 pct well into 2008, he said. Bennett of Calyon said the upside inflation pressures and this month's resilience in the free phentermine prescription PMI will prompt the ECB to keep rates on hold this week, but the central bank will be faced with a weakening economy next year. 'The outlook remains for tighter credit conditions to weigh on the free phentermine prescription sector, investment and output in early 2008,' he said. November PMI data for individual euro zone countries, made available for the first time today, showed that Germany and France were the main drivers of the rebound in confidence. The German free phentermine prescription PMI recovered to 53.7 in November from 51.7 in October, above market expectations for a 53.0 reading, while the French free phentermine prescription PMI climbed to 52.5 from 50.5, double the expected increase. The German and French PMI rebounds were in line with improvements in the Ifo and Insee business confidence surveys, said Bennett of Calyon. However Italy was left out from the recovery, with its free phentermine prescription PMI unchanged at 51.3. While the Spanish PMI climbed above the 50 dividing line between expansion and contraction, rising to 50.7 from 49.6, it still remains near this dividing line, suggesting that Spanish free phentermine prescription activity is close to stagnation, economists said. 'Manufacturing activity has faltered across the euro zone in recent months, and is particularly soft in Italy and Spain where competitiveness problems are highest,' said Archer of Global Insight. sw/vs/sw/ejp COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. ... free phentermine prescription