Eurozone manufacturing remained in expansion for a ninth month in October, even as input-cost inflation accelerated and total new-order growth slowed, Anadolu Agency reported from an S&P Global survey.
The final Purchasing Managers’ Index (PMI) was 52.7, down from 52.9 in September. A reading above 50 indicates expanding activity, so the latest result showed continued growth despite the monthly decline. EconoTimes previously covered the preliminary October composite PMI.
Input-cost inflation reached its fastest pace in five months. Survey respondents linked the acceleration to higher energy prices and shortages of raw materials. Supplier delivery delays deteriorated by the most since June, adding to the supply pressures reported by manufacturers.
Firms made their largest input-inventory buildup since December 2022, seeking a buffer against supply interruptions. They also raised selling prices sharply, while the rate of increase stayed close to September’s pace.
Growth in total new orders eased, but export orders recorded their strongest rise in more than four and a half years. The rate of backlog growth matched its strongest level since May 2022. Among the eight countries surveyed, only France and Italy saw manufacturing contract; the other six recorded growth.
Manufacturers added staff for a third consecutive month. Firms still expected output to grow over the coming year, although confidence slipped below the survey’s historical average.
