SPEU - Eurozone Flash PMI Sees Shortages And COVID-19 Push Growth To 6-Month Low And Inflationary Pressures To 2-Decade High
- The headline IHS Markit Eurozone Composite PMI® fell for a third successive month in October, according to the 'flash' reading, dropping from 56.2 in September to 54.3.
- By sector, services outperformed manufacturing output for a second month running, the factory sector having now reported a slowdown in growth for a fourth straight month to register the weakest increase in production seen over the past 16 months.
- Hiring was stepped up as firms sought to clear backlogs, resulting in a jobs gain that matched July's two-decade high.
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Eurozone Flash PMI Sees Shortages And COVID-19 Push Growth To 6-Month Low, And Inflationary Pressures To 2-Decade High