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Euro zone's services PMI to 53.5

Euro zones' PMIs

The euro zone's services PMI climbed from 52.2 to 53.5. The economists and the analysts predicted the indicator to escalate to 52.4.

Euro zone's manufacturing PMI to 53.3

The euro region's manufacturing PMI rose from 52.6 to 53.3 and did not match the analysts' predictions for stabilization at 52.6.

Euro zone's economic activity

Amid both the manufacturing and service sectors rising above estimations, the region's economic activity appreciated in October, thus reaching its strongest level for the year.

Furthermore, the region's Composite Output Index, as per the Markit group, climbed, in October, to 53.7 and surpassed the predictions for a rise to 52.8.

The flash services PMI, for the month of September, approached the 53.5 reading, thus being above the estimations for 52.4. Moreover, the preliminary manufacturing PMI rose to 53.3.

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Monday, 24 Oct, 2016 / 11:34

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/euro-zone-s-services-pmi-to-53.5

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