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Indonesia News Portal for Traders | Financial & Business Updates

24 October 2024 15:46  |

Eurozone Preliminary Manufacturing PMI improves to 45.9 in October vs. 45.1 expected

The Eurozone manufacturing sector contraction eased while the services sector activity deteriorated further in October, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Thursday.

The Eurozone Manufacturing Purchasing Managers Index (PMI) rose to 45.9 in October from 45.0 in September, bettering the expected 45.1 print. The index rebounded to a five-month high.

The bloc’s Services PMI slipped to 51.2 in October from 51.4 in September. The data came in below the market consensus of 51.6 and reached an eight-month bottom.

The HCOB Eurozone PMI Composite improved slightly to 49.7 in October vs. 49.7 expected and September’s 49.6. The data hit a two-month high.

EUR/USD reaction to the Eurozone PMI data

EUR/USD retakes 1.0800 on the mixed Eurozone PMI data, adding 0.18% on a daily basis.

Source: FXstreet

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