Eurozone October final manufacturing PMI 46.0 vs 45.9 prelim ...Middle East

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Eurozone October final manufacturing PMI 46.0 vs 45.9 prelim
source : forex live ( Middle East ) () 48
Prior 45.0The headline reading is a 5-month high with the output reading also improving to a 2-month high. A slight improvement in fortunes in Germany helped but the real carry is Spain, with manufacturing activity there seen at a 32-month high. That being said, overall production and new orders continue to post declines albeit less intense than in the past month. But some good news for the ECB is that price pressures are at least continuing to ease but not necessary for consumers though. HCOB notes that:"There is one bit of good news in these numbers: the recession in the manufacturing sector did not deepen further in October. Production dropped at a slower pace than in the previous month,

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