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04.11.2013 10:45

Eurozone manufacturing expands as estimated in October

The Eurozone manufacturing sector carried its modest third quarter recovery into the final quarter of the year as initially estimated, final data from Markit Economics showed Monday.

The manufacturing Purchasing Managers' Index rose to 51.3, in line with flash estimate from 51.1 in September.

Though modest overall, growth continued to come from a broad base with expansions signaled in all but two of the nations covered by the survey.

Manufacturing production and new orders both rose for the fourth consecutive month in October. At the same time, employment declined for the twenty-first successive month, with cuts to payroll numbers mainly reflecting subdued demand growth and cost caution.

Average input prices increased for the second month running in October. Likewise, output charges rose for the second month.

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