Eurozone October Manufacturing PMI Preliminary at 46.6...Below Expectations
[Asia Economy Reporter Hyunju Lee] On the 24th (local time), the preliminary Purchasing Managers' Index (PMI) for the Eurozone manufacturing sector in October recorded 46.6.
This is below the expert forecast of 47.8. The previous figure was 48.4.
The manufacturing PMI is an indicator that measures the activity level of purchasing managers in the manufacturing sector. A figure above 50 indicates growth in the manufacturing sector, while below 50 indicates contraction.
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If the actual figure is higher than expected, it means the value and outlook of the euro are positive, but if lower, it indicates a negative outlook.
This content was produced with the assistance of AI translation services.
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