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Eurozone manufacturing recovery broad-based

  • Eurozone manufacturing PMI edged up to 51.3 (unchanged from flash) in October from 51.1 in September.
  • The "modest and fragile recovery continues and remains broad-based, with growth seen in all nations bar France and Greece," says Markit.
  • "While the survey was signalling a 2-3% annual rate of decline in industrial production earlier in the year, a 2-3% rate of expansion is now being indicated," Markit adds.
  • Increasingly "robust gains" in production in countries such as Spain, Italy and Ireland "suggest that structural reforms to boost competitiveness are starting to pay off."
  • The euro is +0.1% at $1.351. (PR)
  • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
Comments (1)
  • al roman
    , contributor
    Comments (4610) | Send Message
     
    The Eurozone will need liquefied in the recovery.
    4 Nov 2013, 07:14 AM Reply Like
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