The euro area private sector remained close to stagnation in October as manufacturing continued to shrink amid subdued expansion in services activity, survey data from IHS Markit showed Thursday.
The flash composite output index rose slightly to 50.2 in October from 50.1 in September. A score above 50 indicates expansion, and that below 50 suggests contraction. The score was forecast to improve to 50.3.
The manufacturing Purchasing Managers' Index remained unchanged at 45.7 in October, while it was forecast to climb to 46.0.
The services PMI rose to 51.8 from 51.6 a month ago. The expected reading was 51.9.
Source: Market Insider
Post by : Republic of Turkey Ministry of Trade