Share

France and Germany boost Eurozone PMI index in October

France and Germany launch the Eurozone compound PMI which, in October, rises to 54 points, surprising the expectations of analysts who expected a drop to 53,4 compared to 53,6 the previous month

France and Germany boost Eurozone PMI index in October

Salt in October theEurozone compound PMI index. According to the preliminary reading by Markit Economics, the composite PMI rose in the current month to 54 points from 53,6 of last month surprising analysts who expected a slight drop to 53,4 points.

In particular, thePMI manufacturing index it remained stationary to 52 points while analysts had forecast a drop to 51,7, and the Services PMI rose to 54,2 from 53,7.

They were especially so France e Germany to stimulate the positive trend of the PMI indices for the Eurozone. As for the Francein fact, thecomposite PMI index of October it stood to 52,3, up from 51,9 the previous month. Specifically, the French PMI manufacturing index advanced to 50,7 from 50,6 in September. The performance of the PMI services index was even better, growing to 52,3 from 51,9 in September.

Variations also for theGerman compound PMI index with the October preliminary result resulting equal to 54,5 from 51,1 September final. The flash estimate on the economic survey for the manufacturing sector is 51,6, identical to the median of expectations, compared to the final 52,3 in September. The service sector index improved to 55,2 from 54,1 last month, above the consensus of 53,9.

comments