Purchasing Managers' Index PMI: Manufacturing Companies

manufacturing companies: Markit's Purchasing Managers' Index PMI of manufacturing companies stood at 50.9 in October, just above September's 50.7 and marking the third straight month above the 50 line separating growth from contraction. , according to Reuters. "The improving picture in the Spanish manufacturing sector continued in October, although there is little sign so far of a widening build-up of momentum," said Markit economist Andrew Harker. MADRID - Growth in Spanish manufacturing activity sped up slightly in October, a survey showed on Monday, though companies cut staff at a faster rate, pointing to a weak, jobless recovery in the fourth quarter. Spain's economy returned to growth in the July-September period after nine quarters of contraction, driven by a strong export sector. But unemployment came in at 26 percent and is expected to remain high for years. (www.immigrantscanada.com). As reported in the news.