Growth in the euro area economy also slowed in October

By: Trademagazin editor Date: 2021. 11. 04. 11:08

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The growth rate of economic performance in the euro area also slowed in October compared with the previous month, according to IHS Markit’s Purchasing Managers’ Indices (PMI).

Growth in the euro area slows

According to final data released by the London-based Financial and Economic Reporting Group on Thursday, the Purchasing Managers’ Index (PMI) of the services sector, which dominates the eurozone economy, fell to a six-month low of 54.6 points from 56.4 in September. For the third consecutive month, the sector’s performance slowed and the index fell short of the 54.7 points previously announced and expected by analysts. (MTI)