Eurozone manufacturing activity growth exceeded initial estimate in October, final data published by Markit showed Monday.
The Purchasing Managers’ Index for the manufacturing sector rose to 52.3 in October from 52 in September. The reading was above the flash score of 52.
“With factory production lacking vigour, employment growth sagging to an eight-month low and output prices falling at the fastest rate since February, it’s easy to see why the ECB are considering additional stimulus,” Chris Williamson, chief economist at Markit, said.
Growth recorded in most nations, while downturn in Greece continues to slow sharply. The improvement in the headline index between its flash and final estimates was largely centered on Germany.
Germany’s headline factory PMI slid to a 3-month low of 52.1 in October from 52.3 in September as production and employment growth slowed. The flash reading was 51.6.
The French manufacturing PMI remained unchanged at 50.6 in October. It was slightly below the flash score of 50.7. Output increased for second month.
The material has been provided by InstaForex Company – www.instaforex.com