Eurozone manufacturing remains sluggish, says latest PMI

'We can at best speak of a very delicate sprout of economic recovery'

Eurozone manufacturing activity stagnated in October as new orders flatlined and headcount fell, despite production continuing to edge higher for an eighth consecutive month, a survey showed on Monday. Pic: iStock

Eurozone manufacturing activity stagnated in October as new orders flatlined and headcount fell, despite production continuing to edge higher for an eighth consecutive month, a survey showed on Monday.

The final HCOB Eurozone Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, registered 50.0 in October, matching a preliminary estimate and up slightly from September's 49.8 but sitting exactly at the threshold separating growth from contraction.