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Eurozone October flash services PMI 47.8 vs 48.7 expected

Prior 48.7Manufacturing PMI 43.0 vs 43.7 expectedPrior 43.4Composite PMI 46.5 vs 47.4 expectedPrior 47.2The services sector reading is a 32-month low with the composite reading also sliding to a 35-month low. That outlines the sort of plight the Eurozone economy is facing to start Q4 and how heightened recession risks are, no matter the deniability by lawmakers and policymakers alike. HCOB notes that:“In the Eurozone, things are moving from bad to worse. Manufacturing has been in a slump for six...
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Posted: Oct 24 2023, 08:00
Author Name: forexlive
Views: 082481