Economics
Euro Manufacturing Remains Near Stagnation as Italy Contracts
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European manufacturing barely grew last month as factory output in France and Italy shrank.
A final reading of a Purchasing Managers’ Index for the industry stood at 50.6 in October, London-based Markit Economics said today. While that’s up from a 14-month low of 50.3 in September, it’s below a 50.7 estimate released on Oct. 23 and barely above the mark of 50 signaling expansion.