Eurozone's manufacturing PMI final value for October continues to shrink, but shows signs of stabilization.
Eurozone manufacturing PMI final value was 46.0, slightly up from last month, but still in the contraction range. The economic health of commodity production has deteriorated for the 28th consecutive month, marking the longest recession period since the first data collection survey in 1997; Germany's PMI final value slightly increased, while France's manufacturing PMI final value decreased.
Positive signs in the Eurozone economy, with improved investor confidence and manufacturing PMI.
Due to the increased satisfaction of investors with the current situation, this has boosted overall sentiment, with Eurozone investor confidence rising for the second consecutive month in November. Similarly, data released on Monday also showed some signs of stabilization in Eurozone manufacturing in October.
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