Euro zone factory downturn deepened in October

S&P Global's final manufacturing Purchasing Managers' Index fell to a 29-month low of 46.4 in October from September's 48.4.

"The euro zone goods-producing sector moved into a deeper decline at the start of the fourth quarter," said Joe Hayes, senior economist at S&P Global Market Intelligence. The new orders index slumped to 37.9 last month from 41.3 in September, despite a slight easing in still elevated inflationary pressures.

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