Mumbai, Nov. 3 -- Manufacturing output across the euro area expanded again in October, stretching the current run of expansion into an eighth month. That said, the pace of growth remained mild amid stagnant new orders and lower employment.
Inventory reductions continued, with volumes of both production inputs and finished goods decreasing to extend a protracted sequence of destocking. Notably, Input costs were unchanged from September, but prices charged were increased marginally.
Looking ahead, eurozone manufacturers were optimistic that output levels would be higher in 12 months' time. However, expectations nudged slightly lower on the month and were weak by historical standards.
The HCOB Eurozone Manufacturing PMI, a measure of the ov...