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Here come eurozone PMIs...

Oct 23, 2015, 13:02 IST

REUTERS/Philippe Wojazer

It's purchasing managers' index (PMI) day, with the results of business surveys around the world rolling out.

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It's now the turn of the eurozone.

Since it's the flash, we only get a look at two countries - France and Germany, the bloc's largest economies.

The scoring is simple - anything above 50 signals growth, the higher above 50 the better. Anything below shows a contraction.

A downturn or upswing in those countries sometimes provides a signal of what's going on in the rest of the eurozone - and crucially it comes before any hard data is released by national statistical agencies.

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Here's what we've got:

  • France manufacturing PMI: 50.7 (50.2 expected, 50.6 previous)
  • France services PMI: 52.3 (51.6 expected, 51.9 previous)
  • Germany manufacturing PMI: 51.6 (51.7 expected, 52.3 previous)
  • Germany services PMI: 55.2 (53.9 expected, 54.1 previous)
  • Eurozone manufacturing PMI: Out at 9 a.m. UK time (4 ET) - 51.8 expected, 52 previous.
  • Eurozone services PMI: Out at 9 a.m. UK time (4 ET) - 53.5 expected, 53.7 previous.

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