Eurozone PMI Manufacturing Eases to 52.7 as Growth Diverges and Cost Pressures Rise - ActionForex
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14 Articles
Eurozone factory activity slowed in October, as rising energy and raw material costs and supply chain disruptions intensified pressure on European industrial production and profitability.
The index of industrial purchasing manager (PMI) in the euro area fell to 52.7 in October, from 52.9 in September, according to revised data released by the S&P Global. The previous reading had shown a drop to 52.4. Despite the drop, the indicator remains above 50, which indicates expansion. Another robust result of the MIP prolongs the best period of growth of the industrial sector in the euro area in more than four years, says S&P Global Marke…
The Eurozone manufacturing PMI fell to 52.7 points in October to its lowest level in two months. While growth in new orders has slowed, supply chain disruptions and rising costs have increased pressure on the industrial sector.
The MIP index for the euro area manufacturing sector was 52.7 last month.
The numbers suggest that manufacturers are staying firm despite tariffs, conflicts and rising energy costs
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