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Eurozone manufacturing sector fell short of forecasts

Eurozone manufacturing PMI contracted more than expected at 46.4 in October...

Eurozone manufacturing sector fell short of forecasts

Eurozone manufacturing sector contracted more than expected last month as the cost of living crisis slashed demand, indicating that the sector is in recession.

S&P Global Eurozone final manufacturing PMI data was announced below the leading data, which was announced as 46.4​ to 46.6 in October​.

Economists had predicted that the PMI would be at 46.6.

Above 50 indicates growth, below 50 indicates contraction.

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