POST Online Media Lite Edition



 

Eurozone factory activity accelerated to an 80-month high

Staff Writer |
Flash survey data from IHS Markit showed that the Eurozone factory PMI rose to 58.6 from 58.1 in September.

Article continues below






The reading was expected to decline to 57.7. The big-two eurozone economies of France and Germany drove growth during October, comfortably outperforming the rest of the single-currency area. Meanwhile, the flash composite output index fell more-than-expected to 55.9 in October from 56.7 a month ago.

Separate data showed that France's private sector activity expanded at the fastest pace in nearly six-and-a-half years in October.

The composite output index climbed to 57.5 in October from 57.1 in September. Any reading above 50 indicates expansion in the sector


What to read next

Eurozone economy expands at fastest pace since May 2011
Eurozone growth turns higher for first time in three months
Eurozone manufacturing expands most since 2011