The growth in the private sector of the euro area has stopped

Growth in the private sector in the eurozone virtually stopped in September after the manufacturing industry’s recession is increasingly affecting the services sector – according to the London-based IHS Markit’s Purchasing Manager Indexes that was released on Thursday.

The Complex Purchasing Manager Index (PMI) based on manufacturing and services data has fallen to its lowest level since June 2013, to 50.9 points from the 51.9 points of the previous month. Analysts expected 50.4 point, the same value as the preliminary data. (MTI)