The economic performance of the euro area grew the slowest of the past two years in October
The economic performance of the euro area grew the slowest of the past two years in October but more than expected – according to an analysis published by the IHS Markit Economics Institute in London on Wednesday. The analysis is based on preliminary data.
In October, the value of the Purchasing Manager Index (PMI) reflecting the performance of the euro area’s manufacturing sector fell to 52.1 points, a 26-month low, from the 53.2 points of September.
The service industry PMI declined to 53.3 in October, from the 54.7 points of September. It is a 24-month low. (MTI)
Related news
Consumer sentiment in the euro area improved to a more than two-year high in April
Consumer sentiment in the eurozone improved somewhat less than expected,…
Read more >The annual growth rate of food, alcoholic beverages and tobacco prices slowed to 2.6 percent in March in the eurozone
In accordance with the preliminary estimate, the annual inflation in…
Read more >Retail sales decreased in the euro area and the EU in February
Retail turnover in the euro area and the EU decreased…
Read more >Related news
KSH: Gross average earnings were HUF 605,400 in February 2024, 14.0 percent higher than a year earlier
In February 2024, the gross average earnings of those employed…
Read more >Sándor Czomba: 566 micro, small and medium-sized enterprises receive capacity-building support
566 people successfully applied for the capacity expansion support aimed…
Read more >UN: worldwide food insecurity continued to increase last year
The insecurity of the food supply has increased further in…
Read more >