• The ongoing growth slowdown of the eurozone manufacturing economy continued at the start of the fourth quarter

Market news

2 November 2018

The ongoing growth slowdown of the eurozone manufacturing economy continued at the start of the fourth quarter

Falling for a third month in succession and remaining well down on the record highs seen around the turn of the year, the IHS Markit Eurozone Manufacturing PMI declined to a level of 52.0 in October. That compared to 53.2 in September and was broadly unchanged on the earlier flash reading of 52.1. Market groups data showed that the slowdown in growth was broad-based. Intermediate goods producers fared worst recording concurrent falls in output, new orders and exports. Consumer goods showed some resilience, registering solid rises in both output and new work.

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