Euro zone surge is firm in October

Euro zone surge is firm in October

The euro zone's economy appears to be on track for a sturdy finish to this year, and companies are actually passing on more of their costs to customers because pricing power inched up, as a poll unveiled on Monday.

In October, IHS Markit's final composite Purchasing Managers' Index for the euro zone went down to 56.0 from September's outcome of 56.7, thus ruining an earlier flash forecast of 55.9.

The final euro area PMI was updated up marginally from the flash forecast just to leave euro area surge looking healthy enough at the beginning of Q4, as some financial experts stressed.

As earlier figures revealed, surge was still firm in France and Germany, the bloc's two leading economies, although slowed in Italy, hinting a recent flurry in economic activity in this country might be petering out.

Surge in Spain's major services sector edged down to its lowest value for nine months because the political crisis in Catalonia affected heavily business sentiment.

Similar

German ZEW economic sentiment tacks on in January

In January, German economic sentiment inched up more than anticipated, while the current conditions index reached a record maximum, driving optimism over the strength of the EU’s number one economy, as industry data reported on Tuesday…

Popular

Yen climbs up in Asia trade

On Friday, the Japanese yen leapt in Asia on safe-haven demand because political turmoil in Brazil reached risk sentiment and financial markets became cautious ahead of the weekend…

Pound tumbles vs yen

On Tuesday, the British pound sank versus the Japanese yen after a suspected terrorist attack at a concert in Manchester, while the common currency hovered close to a six-month peak versus the greenback after German Chancellor Angela Merkel told that the…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera