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European Recovery Strengthens According to PMI

New manufacturing orders increased for the fourth month in a row in the European Community, according to the October Manufacturing Purchasing Managersâ?? Index (PMI).

European Recovery Strengthens According to PMI (Reuters)

New manufacturing orders increased for the fourth month in a row in the European Community, according to the October Manufacturing Purchasing Managersâ?? Index (PMI). The final PMI for October rose to 51.3 from Septemberâ??s 51.1, in line with analystsâ?? estimates, and well above the 50 level that indicates growth in manufacturing. However, the PMI figure could have been even stronger had not the French economy contracted for October. Even though the 17-bloc nationâ??s factory production was re-approaching its most recent 26-month high recorded in August, it still trailed historic levels. For investors though, any news is good news, as far as Europe is concerned.

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European Recovery Strengthens According to PMI

European Recovery Strengthens According to PMI (Reuters)

New manufacturing orders increased for the fourth month in a row in the European Community, according to the October Manufacturing Purchasing Managers’ Index (PMI). The final PMI for October rose to 51.3 from September’s 51.1, in line with analysts’ estimates, and well above the 50 level that indicates growth in manufacturing. However, the PMI figure could have been even stronger had not the French economy contracted for October. Even though the 17-bloc nation’s factory production was re-approaching its most recent 26-month high recorded in August, it still trailed historic levels. For investors though, any news is good news, as far as Europe is concerned.

Newsletter Signup.

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TRENDING NOW:

MILK-FAKE: UK Papers Push Farage Fake News 1 Day Before Election

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Obama Judges Kill Americans’ Privacy to Help Democratic House Harass Trump

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Human Events from London: Farage’s Eyes Power As Brexit Party Surges.

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