Eurozone October Manufacturing PMI 54.8, Exceeds Expectations
[Asia Economy Reporter Changhwan Lee] The Eurozone (19 countries using the Euro) manufacturing Purchasing Managers' Index (PMI) for October recorded 54.8.
According to market research firm IHS Markit on the 2nd, last month's manufacturing PMI exceeded the preliminary figure of 54.4.
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A PMI of 50 or below indicates contraction in business activity, while 50 or above indicates expansion in business activity.
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