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ECONOMICS COMMENTARY
Oct 24, 2013
Eurozone Flash PMI falls in October but signals expansion for fourth month running
The Markit Eurozone PMI Composite Output Index fell from September's 27-month high, according to the October flash estimate, but remained above the 50.0 no-change level for a fourth successive month. At 51.5, down from 52.2 in September, the flash PMI signalled an ongoing modest upturn in business conditions at the start of the fourth quarter, at a rate broadly similar to the trend shown over the third quarter. The third quarter had seen the highest average PMI reading since the second quarter of 2011.
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