Activity in the euro area industry was somewhat stronger in October than previously thought. The British market researcher Markit announced this on the basis of definitive figures.

Markit’s Purchasing Manager Index, which measures industrial activity, reached 54.8 in October, compared with 53.7 in September. This is the highest since July 2018 and the fourth month in a row with growth for the euro area industry. In the case of a provisional estimate, a level of 54,4 was reported. A position of 50 or more indicates growth, below it indicates shrinkage.

The index for German industry was 58.2 in October. The one in front of France was 51.3. For Italy and Spain, stocks of 53.8 and 52.5 respectively were measured, according to Markit.

The index for British Industry recorded a final position for October of 53.7 as against 54.3 a month earlier. A level of 53.3 was reported in a preliminary measurement.

According to the researchers, the question now is to what extent economic activity in European countries will be affected by the reintroduction of lockdown measures against the rising number of Coronas.

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