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Eurozone manufacturing PMI holds up in October but rising price pressures give the ECB another headache

economyPMI

Euro area industry activity softened slightly in October, with the headline PMI estimate touching a two-month low. The output index slumped further to 52.8 from 53.6 in September, dropping to a four-month low. Overall, it still marks a modest expansion in manufacturing conditions despite slower new order growth and increased supply-chain pressures.

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Source: FreeNewsAPIRead at investingLive

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