Tuesday’s macroeconomic information positively surprised the market. The main data of this this allegation is German Composite PMI in October and Factory orders in September. The main leader was factory orders which month over month rose 1.3 %. The data overperformed expectations on analysts more than 1.2 %.
The data are perfect, but the eurozone still fights with the weakest manufacturing data in 7 years connected with raising job losses. Global economic outlook estimating and declining economic outlook of growth overtime they release the data. Can we expect raising of manufacturing growth in Germany in the future or is it the short-term growth?
