At the final evaluation, PMI in the manufacturing sector (PMI manufacturing) for October was 50.7 points. The value index corresponds to the preliminary data and analysts’ forecasts. Recall that in September the index rose to a mark of 49.3 points.
It is worth noting that the PMI index for the production sector has been declining for several months and reached the minimum value of 33.5 points in February this year, after which growth resumed. Recall also that the index value above 50 points indicates growth of business activity, below – to slow down.
It is worth noting that the PMI index for the production sector has been declining for several months and reached the minimum value of 33.5 points in February this year, after which growth resumed. Recall also that the index value above 50 points indicates growth of business activity, below – to slow down.
Related posts:
- Preliminary assessment of the level of inflation in the euro area: -0.1% for October
- Index of confidence in the euro-zone economy grew more than expected in October
- ZEW index of economic sentiment in Germany declined in October
- The index of house prices Nationwide has grown less than expected in October
- GfK consumer confidence index in Germany fell for the first time since September 2008
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