Læs hele meddelelsen her for PMI for Eurozonen
The euro area economic upturn regained some momentum at the start of the fourth quarter. The Markit Eurozone PMI® rose from September’s fourmonth low of 53.6 to reach 54.0 in October, according to the flash estimate. The latest reading remained slightly below that seen in August but still signalled one of the strongest monthly expansions seen over the past four years. Output rose across both services and manufacturing, pointing to a broad-based upturn. The former sector once again recorded the stronger gain, with the divergence widening as services growth accelerated slightly but factory production showed the smallest rise for five months. Growth of new business also edged higher, reaching a six-month peak.
Faster growth of inflows of new business in the service sector, which recorded the largest rise for six months, offset a weakening of new order growth in manufacturing. Signs of stronger demand and a further build-up of work-in-hand encouraged firms to take on extra staff, driving overall employment growth slightly higher after the slowdown seen in September. However, while job creation hit a five-month peak in services, it waned to an eight-month low in manufacturing, often linked to firms seeking productivity gains in order to boost competitiveness.
Markit Eurozone PMI and GDP Inflationary pressures remained weak during the month. Average selling prices for goods and services fell for the first time in three months, albeit only marginally, led by a drop in the manufacturing sector amid continuing efforts to cut prices and boost sales. Prices charged for services were unchanged, though this still represented a contrast to the output price falls seen over the four years prior to September.