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

  • Eurozone Manufacturing PMI advanced to 45.9 in October, beating the 45.1 forecast.
  • Bloc’s Services PMI dropped to 51.2 in October vs. 51.6 anticipated.
  • EUR/USD keeps gains near 1.0800 after German, Eurozone PMI data.            

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

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Eurozone HCOB Composite PMI in line with expectations (49.7) in October

Eurozone HCOB Composite PMI in line with expectations (49.7) in October
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EUR/GBP depreciates to near 0.8300, remains tepid after Eurozone PMI figures

EUR/GBP retraces its recent gains registered in the previous session, trading around 0.8320 during the European hours on Thursday.
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