German October manufacturing PMI 42.1 vs 41.9 expected

Markit - 41.9 prior

Eurosone

Germany joins France in pulling out of recent lows. Eurozone manufacturing next up at the top of the hour.

  • slower declines in new orders
  • jobs shed at quickest rate since January 2010
  • Best data for new orders and output expectations in four months, but expectations still weak

Some glimmers of hope with new orders as I was expecting given the improvement in sentient Iover US China trade deal we have seen in the last few weeks

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