{"id":43743,"date":"2013-11-04T07:53:17","date_gmt":"2013-11-04T12:53:17","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=43743"},"modified":"2013-11-04T07:53:17","modified_gmt":"2013-11-04T12:53:17","slug":"eurozone-pmi-climbs-in-october","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/04\/eurozone-pmi-climbs-in-october\/","title":{"rendered":"Eurozone PMI Climbs in October"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Eurozone PMI climbed to 51.3 points in October, rising from last month\u2019s record of 51.1, Markit Economics confirmed.<\/p>\n

“The eurozone manufacturing economy is\u00a0undergoing its strongest growth period for two-and-a-half years, since the mounting uncertainty caused\u00a0by the escalating sovereign debt crisis hit\u00a0businesses hard in 2011.”\u00a0Chris Williamson, chief economist at Markit Economics said.<\/p>\n

“While it is in some respects disappointing that the\u00a0PMI has failed to show a steeper pick-up over the last two months, the recent growth revealed by the\u00a0survey indicates a marked turnaround in the health of the manufacturing economy. While the survey\u00a0was signaling a 2-3% annual rate of decline in industrial production earlier in the year, a 2-3% rate\u00a0of expansion is now being indicated.” Williamson said.<\/span><\/p>\n

“However, while the recovery goes on, it is by all\u00a0measures frustratingly slow. In particular, the\u00a0modest gains in output and new orders remain\u00a0insufficient to encourage firms to take on more staff.\u00a0More encouraging indications about the recovery\u00a0can be gained by looking at the increasingly broad-based nature of the upturn, and especially the fact\u00a0that increasingly robust gains in production are now\u00a0being seen in countries such as Spain, Italy and\u00a0Ireland, to suggest that structural reforms to boost competitiveness are starting to pay off”, Williamson also commented.<\/p>\n

Eurozone PMI – Germany & Spain PMI Climbs<\/span><\/h2>\n

The Final PMI for Germany\u2019s manufacturing sector saw a climb to 51.7 in October, exceeding forecasts of 51.5 in a flash reading and up from 51.1 points seen in the previous month.<\/p>\n

Meanwhile the industrial sector for Spain saw a jump in October, while the manufacturing PMI was seen above the 50-threshold for the third month in a row, advancing to 50.9 points, up from 50.7 seen in the previous month.<\/p>\n

Eurozone PMI – France & Italy declines <\/span><\/h2>\n

Italy\u2019s manufacturing sector declined in the month of October, as the country\u2019s PMI dropped down to 50.7 points from 50.8 points \u00a0recorded in September.<\/p>\n

In France, the manufacturing activity dropped lower in October as the PMI in the country\u2019s manufacturing sector edged lower to 49.1 in October, down from 49.8 seen in the previous month.<\/p>\n

 <\/p>\n

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The post Eurozone PMI Climbs in October<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Eurozone PMI climbed to 51.3 points in October, rising from last month\u2019s record of 51.1, Markit Economics confirmed. “The eurozone manufacturing economy is\u00a0undergoing its strongest growth period for two-and-a-half years, since the mounting uncertainty caused\u00a0by the escalating sovereign debt crisis hit\u00a0businesses hard in 2011.”\u00a0Chris Williamson, chief economist at Markit Economics … <\/p>\n

Continue reading “Eurozone PMI Climbs in October”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-43743","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=43743"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43743\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=43743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=43743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=43743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}