German PMI increased slightly to 48.4 in October, while French PMI fell to 47.3 and overall Eurozone PMI remained below growth threshold at 49.7.
In October, Germany's business activity showed slight improvement, with its Purchasing Managers' Index (PMI) rising to 48.4 from 47.5, indicating a slower contraction. In contrast, France's PMI fell to 47.3, signaling a deepening downturn. The overall eurozone PMI increased marginally to 49.7, still below the growth threshold, reflecting ongoing economic challenges, particularly in manufacturing, while services showed signs of stagnation.
October 24, 2024
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