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Highlights from the PMI press release

EUROZONE DATA
  • "Germany was the only bright spot, as France and the rest of the region as a whole fell deeper into decline."
  • Outside of Germany and France "business activity fell for a third month in a row, with the pace of decline running at the fastest since early-2013 barring the height of the pandemic. A solid expansion in manufacturing output was more than offset by an increased rate of contraction in services."
  • "Looking at price trends, deflationary pressures moderated during October. Average prices charged for goods and services fell for an eighth month running, but the rate of decline eased to the slowest seen over this period."

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