Eurozone continues to recover slowly, PMI data indicates.

Eurozone manufacturing PMI inched up to 51.3 in October from 51.1 in September, and while the services and composite readings fell, they still indicated expansion. The readings imply that the eurozone economy grew at a quarterly rate of 0.2% at the start of Q4, "suggesting an on-going, albeit sluggish, recovery." The data also reflects "signs of economic recoveries becoming more entrenched in the periphery, as well as on-going expansion in Germany and stabilization in France."