The Euro-Zone November manufacturing PMI was revised down to 35.6 from 36.2 reported initially. The overall reading, as well as the readings for new output, new orders, employment, are all at survey lows, which highlights the extend of the contraction in the manufacturing sector. The reading for input and output prices are now firmly below the 50 point no change mark, indicating falling prices. And the fact that the order reading is just at 28.8, indicating that a quick turnaround in activity is unlikely. So the room for the ECB to maneuver is rising and the renewed downward revision to an already low number will increase the pressure on the ECB to deliver a bold rate cut. Meanwhile, the German November manufacturing PMI was revised down to 35.7 from 36.7 reported initially and compared to 36.7 in October. The breakdown shows further downward revision to already weak output and orders reading, with the latter now down at just 29.l, the lowest since the series begun in 1996. In addition, the French manufacturing PMI was revised down to 37.3 from 37.9 reported initially while, the Italian November manufacturing PMI dropped to 34.9 from 39.7.