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Eurozone manufacturing held steady in October amid weak demand and ongoing contraction in key countries.
Eurozone manufacturing activity held steady at 50.0 in October, signaling a fragile recovery after months of contraction, according to final PMI data.
Output rose for the eighth straight month, but new orders stagnated and export demand fell for the fourth consecutive month.
Employment declined further, reflecting ongoing cost-cutting, while inventories continued to shrink.
Regional performance varied, with Spain expanding and Germany, France, and Italy remaining in contraction.
Business confidence dipped, and political instability in France weighed on regional demand.
The European Central Bank kept interest rates unchanged, citing low inflation.
La industria manufacturera de la eurozona se mantuvo estable en octubre en medio de una débil demanda y una continua contracción en países clave.