Exact(10)
The production index rose to 58.5, from 58, and the export orders index increased to 53.3, from 51.9.
"The export orders were very strong," noted John McCarthy, director of foreign exchange at ING-Barings Capital Markets.
The export orders index dropped a hefty 5.6 points to 48.3, below the 50 mark that divides expansion from contraction.
The rival I.S.M. survey came in a little lower, but the export orders number was better than the one Markit reported.
It is the export orders that are especially weak now, particularly for shipments to other countries that use the euro, as weakness in those countries spreads to Germany.
The export orders index, a gauge of Asian and other international demand, fell to 42 in October from 45.8 during September.
Similar(50)
If the exporter is satisfied with all of the above, then he must send his confirmation of the export order to the buyer.
The export order should indicate whether part shipment is permissible or not.
In the eurozone, export orders plunged despite the weaker euro, the Chinese manufacturing sector continued to deteriorate, and production growth slowed in the US.
The rise in the new export orders balance was noteworthy.
There were several positive signals in the report: export orders rose and the cost of materials fell to a six-month low.
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