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Euro-zone PMI falls in October but signals expansion
The Markit Eurozone PMI® Composite Output Index fell from September’s 27-month high, according to the October flash estimate, but remained above the 50.0 no-change level for a fourth successive month. At 51.5, down from 52.2 in September, the flash PMI signalled an ongoing modest upturn in business conditions at the start of the fourth quarter, at a rate broadly similar to the trend shown over the third quarter. The third quarter had seen the highest average PMI reading since the second quarter of 2011. The expansion was broad-based across the region, though there were signs of moderation in the bloc’s two ... (full story)
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