Euro zone factories had their busiest month for over 17 years in November in a broad based acceleration, despite them hiking prices at the fastest rate in more than six years. 

The latest IHS Markit's final manufacturing Purchasing Managers' Index for the bloc climbed to 60.1 last month from October's 58.5. 

That was above a preliminary estimate of 60 and the second-highest in the survey's 20-year history.

Forward looking indicators also pointed to the momentum continuing through to the end of 2017, capping off what is expected to be the best year for euro zone economic growth in a decade. 

"November's surveys produced a clean sheet of improved PMI readings for all countries, resulting in the best performance for euro zone manufacturing since the height of the dot-com boom," said Chris Williamson, chief business economist at survey compiler IHS Markit. 

An index measuring output which feeds into a composite PMI due on Tuesday and seen as a good gauge of economic growth jumped to 61 from 58.8, its highest since February 2011. 

Suggesting the expansion will continue during December, new orders soared, backlogs of work were built up at a survey-record pace and headcount was increased at the fastest rate since IHS Markit started measuring it in mid-1997. 

That upturn came despite firms increasing prices. The output price index bounced to 56.8 from October's 55.8, a level not seen in over six years. 

Inflationary pressures, alongside booming growth, will likely be welcomed by policymakers at the European Central Bank who announced in October a cut to monthly bond buying from January. 

Manufacturing growth surges to 18-year high in Ireland - PMI