Prior 51.4 Composite PMI 50.0 vs 49.7 prelim Prior 49.6 The euro area economy kicks start Q4 in stagnation mode with heavyweights Germany and France dragging down the overall performance. A further weakening in demand conditions is to blame but just be wary that employment conditions are also seen worsening. The latter is seeing its
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Construction PMI 54.3 vs 55.5 expected and 57.2 prior. Key findings: Civil engineering remains best-performing category, followed by commercial work. Renewed decline in house building. Business optimism slips to ten-month low. Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, said: “The construction sector signalled another month of solid output growth in October, despite
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Euro strengthened broadly after Eurozone’s flash CPI revealed stronger-than-expected increase in headline inflation, while the decline in core inflation has come to a halt. This data, coupled with the better-than-anticipated GDP figures released yesterday, has provided substantial support to the hawks within ECB. There appears to be no immediate need for ECB to accelerate monetary
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