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26th Oct 2015 05:05Eurozone, Economic Monitor

Friday's PMIs gave the first hint of Q4 growth in the Eurozone, and continue to tell a story of a stable cyclical recovery. The composite PMI in the Eurozone rose 54.0 in October from 53.6 in September, mainly due to a rise in the services index, to 54.2 from 53.7. Assuming the PMI remains unchanged over the remainder of the quarter, the survey indicates solid GDP growth of 0.4%-to-0.5% quarter-on-quarter in Q4.

pmi eurozone manufacturing ecb growth gdp ez ifo

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Keywords for: 26 Oct. 2015 PMIs Point to Firm GDP Growth Ahead in the Eurozone

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