FOREX TradingCharts.com

Financial News: Eurozone Private Sector Growth Slows In October

Eurozone Private Sector Growth Slows In October

11/06/2017 - 04:54:00 (RTTNews)

(RTTNews) - The euro area private sector started the final quarter on a strong footing but the pace of expansion slowed since September, final data from IHS Markit showed Monday.

The composite output index fell to 56.0 in October from 56.7 in September. But the reading was slightly above the flash estimate of 55.9 and also the indicator signaled expansion in each of the past 52 months.

Similarly, the services PMI slid less-than-estimated to 55.0 in October from 55.8 in September. The flash score was 54.9. The indicator suggested growth for the fifty-first successive month.

The October headline PMI reading matched the average seen in the third quarter and puts the region on course for another 0.6-0.7 percent expansion in the closing quarter of 2017, Chris Williamson, chief business economist at IHS Markit, said.

National PMI data showed that France moved to the top of the output growth rankings in October, the first time it has held that position since August 2011.

France final composite PMI came in at 57.4, up from 57.1 in September but slightly below the flash 57.5. Likewise, the services PMI rose to 57.3 from 57.0 a month ago, and below the flash 57.4.

Elsewhere, Germany's private sector activity improved in October but at a slightly slower than previously estimated pace.

The composite PMI declined to 56.6 from September's 77-month high of 57.7 a month ago. The flash score was 56.9.

The services PMI dropped more-than-estimated to 54.7 from 55.6 in the previous month. The flash score was 55.2.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


S&P Cuts S. Africa's Sovereign Rating To Junk Status (02 hr(s), 06 min(s), 10 sec(s) ago)
(RTTNews) - S&P Global Ratings lowered South Africa's sovereign ratings to junk status on ...Full Story»

France Unemployment Rises Slightly In October (04 hr(s), 02 min(s), 10 sec(s) ago)
(RTTNews) - French unemployment increased slightly in October, data from the Labour Ministry revea ...Full Story»

Cash Remains Preferred Payment Option In Eurozone: ECB Study (03 min(s), 50 sec(s) ago)
(RTTNews) - Euro zone consumers still prefer cash to other options for paying for their purchases, ...Full Story»

ECB's Coeure Warns Against Fake Data (45 min(s), 50 sec(s) ago)
(RTTNews) - Fake statistics are equally threatening to the euro area economy as fake news is to po ...Full Story»

Eurozone Economy Set To Extend Surprisingly Positive Run In 2018 (34 min(s), 50 sec(s) ago)
(RTTNews) - As the outlook for consumption is improving, the Eurozone economy is on its way to ext ...Full Story»

Swiss Industrial Production Expands In Q3 (54 min(s), 50 sec(s) ago)
(RTTNews) - Switzerland's industrial production and turnover increased notably in the third qu ...Full Story»

UK Mortgage Approvals At 13-Month Low (45 min(s), 50 sec(s) ago)
(RTTNews) - UK mortgage approvals declined to a 13-month low in October, data from UK Finance show ...Full Story»

German Business Confidence At Record High (46 min(s), 50 sec(s) ago)
(RTTNews) - Germany's business confidence strengthened to a new record in November on optimist ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

S&P Cuts S. Africa's Sovereign Rating To Junk Status

11/25/2017 - 02:21 AM (RTTNews)
(RTTNews) - S&P Global Ratings lowered South Africa's sovereign ratings to junk status on ...Full Story>>

France Unemployment Rises Slightly In October

11/25/2017 - 00:25 AM (RTTNews)
(RTTNews) - French unemployment increased slightly in October, data from the Labour Ministry revea ...Full Story>>

Cash Remains Preferred Payment Option In Eurozone: ECB Study

11/24/2017 - 09:31 AM (RTTNews)
(RTTNews) - Euro zone consumers still prefer cash to other options for paying for their purchases, ...Full Story>>

ECB's Coeure Warns Against Fake Data

11/24/2017 - 09:13 AM (RTTNews)
(RTTNews) - Fake statistics are equally threatening to the euro area economy as fake news is to po ...Full Story>>

Eurozone Economy Set To Extend Surprisingly Positive Run In 2018

11/24/2017 - 09:02 AM (RTTNews)
(RTTNews) - As the outlook for consumption is improving, the Eurozone economy is on its way to ext ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.