French manufacturing PMI decline eases in October

Note: This section contains information in English only.
Source: RTTNews
French manufacturing sector declined at a lower rate in October, the flash survey by Markit Economics showed on Wednesday. The PMI advanced to 43.5, compared to 42.7 in September. Economists estimated a reading of 44. The factory output index rose to 41.6 from 39.4 in the previous month.

Service sector activity also posted slower contraction in October, with corresponding index jumping to 46.2 from 45 in September, higher than economists' expectations of 45.4. The composite output indicator increased to 44.8 from 43.2 in September.

Analysts explained lower activity levels with a further fall in new business. The new orders estimator was only slightly higher than September's 41-month low.
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Wed, 24 Oct 2012 11:39:41 GMT

European stock markets edge lower on German manufacturing data

The Stoxx Europe 50 index lost 0.05% to 2,476.67 points on early London trading session. European markets slip following yesterday's 1.7% decrease. European benchmark has almost erased its gains since the EU bank announced a bond-purchase program. Stocks show a negative performance, as German manufacturing index was 45.7, which was below analysts' estimations, indicating  manufacturing contraction of the biggest EU

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