Eurozone Factory PMI Holds at 52.7 as Input Costs Hit Five-Month High, Germany Climbs to 54.2 - BigGo Finance

Eurozone manufacturing stayed in expansion territory for a ninth straight month in October, but a fresh acceleration in input costs is putting the European Central Bank back on the defensive about interest rates. The S&P Global Eurozone Manufacturing PMI came in at 52.7, down from September's 52.9, which had been the strongest reading since May 2022. The final figure beat a preliminary estimate of 52.4, and any reading above 50.0 signals growth. Germany, the bloc's largest economy, offered the clearest sign of resilience. Its manufacturing PMI rose to 54.2 from 53.9, with output expanding for a tenth consecutive month even as the pace of that growth eased to its weakest since July.