The Eurozone’s manufacturing sector continued to grow in October, a closely-watched survey showed on Monday, despite intensifying supply chain pressures. The S&P Global Eurozone manufacturing PMI came in at 52.7, down marginally on September’s record print of 52.9 but ahead of forecasts for a fall to 52.4. It was also the ninth consecutive month of expansion. The manufacturing PMI output index fell from the previous month’s 53.6 but remained in expansionary territory, at 52.8. A reading below the neutral 50.0 benchmark suggests contraction, while one above it indicates growth. Respondents did, however, flag increased supply chain pressures.
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