Eurozone Flash PMIs Weaker Than Expected

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Europe Update: Flash PMI Indices

The readings for October’s Flash Purchasing Managers Indexes (PMI) for Europe were updated today and the numbers were weaker than expected.

Below are the details:

October Preliminary Manufacturing PMI’s:

• Eurozone Manufacturing PMI: 45.3 vs. consensus 46.4 and last month 46.1
  
• Germany Manufacturing PMI: 45.7 vs. consensus 47.6 and Last month 47.4
  
• France Manufacturing PMI: 43.5 vs. consensus 44.0 and Last month 42.7

October Preliminary Service Sector PMI’s:

• Eurozone Services PMI: 46.2 vs. consensus 46.4 and Last month 46.1
  
• Germany Services PMI: 49.3 vs. consensus 49.9 and Last month 49.7
  
• France Services PMI: 46.2 vs. consensus 46.1 and Last month 45.0

Recall that readings over 50 represent growth in the sector while readings under 50 suggest the manufacturing sector is contracting.

Other stories on Europe to review:

• German IFO Index Weakens Again in October>
  
• Moody's Downgrades 5 Spanish Regions
  
• Spain Hinting at Requesting Bailout
  
• German ZEW Index Shows Outlook Improving
  
• Industrial Production Up in August
  
• Spain's Credit Rating Cut at S&P
  
• Yields Continue to Fall in Spain
  
• European Manufacturing PMI's Uptick in September
  
• Stress Tests on Spanish Banks Show...
  
• German Industrial Production Improves in July
  
• ECB to Launch Unlimited Bond Buying Program
  
• Moody's Cuts EU Outlook

 

  iShares EMU - Last 12 Months

 

  iShares France - Last 12 Months

 

  iShares Germany - Last 12 Months

 

 

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