Euro zone factory growth sluggish in Oct as prices fall - PMI

Euro zone manufacturing activity expanded slightly slower than first thought last month as further discounts at the factory gate failed to drive up new orders, a business survey showed on Monday. A second month of price cutting, alongside only tepid expansion in Germany - the euro zone's growth engine - and contractions in France and Italy, will be disconcerting for the European Central Bank as it battles to prevent deflation. Economic growth stalled in the second quarter. Markit's final October manufacturing Purchasing Managers' Index was 50.6, beating September's 50.3 but shy of an earlier flash estimate of 50.7.

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