Eurozone: Mixed flash PMIs for October – TDS

Analysts at TD Securities note that the Eurozone flash PMIs for October were mixed, with the French data coming in better than expected, but the German data a touch softer.

Key Quotes

“The German manufacturing PMI didn't do as poorly as we had been expecting, but services reported a bigger downside miss relative to consensus, as perhaps the prolonged manufacturing recession is beginning to spread to some degree to other areas of the economy.”