Eurozone composite PMI fell in October to a minimum of more than 2 years

The composite PMI in the euro zone fell in October to its lowest since September 2016 level of 54.1 points from 53.1 points, IHS Markit reported. The most significant growth rate was observed in Ireland, however, it was the weakest in the last 7 months. In France and Spain, an increase in business activity was recorded relative to September. Germany’s PMI dropped to its lowest value in 5 months. In Italy, there was a decrease in activity for the first time since the end of 2014. In the services sector of the eurozone, the index fell to 53.7 points from 54.7 points, noting the minimum value since the beginning of 2017.

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