OctaFX | OctaFX Forex Broker
Open trading account
Back

Eurozone private sector activity rose to two-month high

FXStreet (Mumbai) - The flash estimate released by the Markit showed the private sector activity across the Eurozone in October expanded at a faster pace due to uptick in the service sector activity.

The Markit Eurozone PMI rose from September’s four-month low of 53.6 to reach 54.0 in October. Flash Eurozone Services PMI Activity Index printed at 54.2 (53.7 in September); 2-month high. Flash Eurozone Manufacturing PMI came-in at 52.0 (52.0 in September); Unchanged.

As per Chris Williamson, Chief Economist at Markit, “Unless the PMI business activity and price indices pick up significantly in coming months, the combination of relatively weak growth and deflation signalled by the survey will fuel expectations that the ECB will step up its quantitative easing programme at the December meeting.”

European Monetary Union Markit Services PMI came in at 54.2, above expectations (53.5) in October

European Monetary Union Markit Services PMI came in at 54.2, above expectations (53.5) in October
Read more Previous

Austria Industrial Production (YoY) dipped from previous 1.3% to 1% in August

Austria Industrial Production (YoY) dipped from previous 1.3% to 1% in August
Read more Next
Start livechat