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EUROZONE DATA: Oct Manuf PMI: Weak International Demand Cited

EUROZONE DATA
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The Eurozone October final manufacturing PMI saw a small upward revision to 46.0 (vs 45.9 flash) following a four tenth upward revision in Germany to 43.0. This was the 28th consecutive month in contractionary territory. The broad strokes of the report were similar to last week's flash readings, though we note the following excerpts on international demand across the four major Eurozone economies, where Spain stands out as a positive outlier.

Germany: "The latest decrease in new orders was notably slower than that recorded the month before. This partly reflected international sales, which posted the smallest decline for five months in October".

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The Eurozone October final manufacturing PMI saw a small upward revision to 46.0 (vs 45.9 flash) following a four tenth upward revision in Germany to 43.0. This was the 28th consecutive month in contractionary territory. The broad strokes of the report were similar to last week's flash readings, though we note the following excerpts on international demand across the four major Eurozone economies, where Spain stands out as a positive outlier.

Germany: "The latest decrease in new orders was notably slower than that recorded the month before. This partly reflected international sales, which posted the smallest decline for five months in October".

Keep reading...Show less