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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.

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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

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