Market research group NTC has reported that the slowdown in manufacturing activity in the 12-nation euro zone continues despite a slight rise in a key index.

The purchasing managers’ index assessing manufacturing momentum edged up to 49.1 in October from 48.9 in the previous month, but failed to reach 50 – a level that would indicate a discernible increase in activity. Octobers increase came after three straight monthly falls.

Share this story: