Euro zone manufacturing picks up unexpectedly in October
Euro zone manufacturing unexpectedly accelerated as German companies fared better than initially reported
Manufacturing in the euro area unexpectedly accelerated in October as German companies fared better than initially reported, according to Markit Economics.
A purchasing managers’ index for the industry rose to 52.3 from 52 in September, exceeding an October 23 estimate for an unchanged reading and a 50 mark that divides expansion from contraction, the London-based company said. Manufacturing accelerated in Italy, Austria and the Netherlands and grew in all nations covered except Greece.
