Eurozone composite PMI down to 46.5 in October - Breaking The News
Download our appPlay StoreApp Store
Download our appPlay StoreApp Store

Eurozone composite PMI down to 46.5 in October

Economy
Christian Baha / DD

1 min read

The Eurozone Composite PMI Output Index, which measures the services and the manufacturing business activity in the region, came in at 46.5 in October, falling by 0.7 index points from the month prior, and reaching a 35-month low, S&P Global and Hamburg Commercial Bank's (HCOB) final report showed on Monday.

The Services PMI Activity Index in October was also lower than the previous month’s reading, standing at 47.8, losing 0.9 index points from September, hitting a 32-month low.

"It looks like the service sector in the Eurozone is stumbling out of the gates for this final quarter. October marks the third straight month of business activity taking a hit. With new business diving steeply, it is not painting a rosy picture for what is ahead. Expectations for the next twelve months, however, have improved a bit, but remain well below the long-term average," HCOB Chief Economist Dr. Cyrus de la Rubia noted.

datapmicomposite
Related News
ADP: US private payrolls up by 77,000 in February
Private payrolls in the United States increased by 77,000 in February compared to the previous month, according to the ADP National Employment Report published on Wednesday. The figure came in significantly below analysts' expectations.According to the report, the goods-producing sector added 42,000 jobs in the reported month, while the number of jobs in the service sector advanced by 36,000. Small businesses lost 12,000 positions, while the number of...
US mortgage applications up by 20.4%
Mortgage applications in the United States rose by 20.4% in the week ending February 28, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey published on Wednesday. The average contract interest rate for 30-year fixed-rate mortgages dropped to 6.73% from 6.88% in the previous week. The purchase indicator increased by 0.2 points from the previous week to 144.5, while the refinance index increased to 784.2 from...
Italian retail sales down 0.4% in January
Retail sales in Italy decreased by 0.4% in January compared to December, Istat said in a new report on Wednesday. The figure was lower than analysts expected. Sales of food products fell by 0.3%, and non-food products saw a 0.5% drop.On a yearly basis, retail trade recorded a 0.9% rise. Food sales increased by 2.1% from January 2024, while non-food sales remained unchanged.
Eurozone's PPI up 0.8% in January
Producer prices in the Eurozone increased by 0.8% in January compared to December, according to a report by Eurostat released on Wednesday. The producer price index (PPI) grew by 0.8% on a monthly basis in the European Union as well. Annually, the PPI was 1.8% up in both the euro area and the EU.The Eurozone saw the biggest monthly rise in industrial producer prices for energy at 1.7% and capital goods at 0.7%, while prices for durable consumer...
About
Contact Us

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.