Economic Buzz: Eurozone business activity slows in October

Private sector activity in the Eurozone expanded at a slightly slower pace in October, with the Composite PMI Output Index decreasing by 1.2 points from the previous month to stand at 51.9, hitting a 4-month low, S&P Global revealed in its preliminary report published on Friday.

The Services PMI Business Activity Index also expanded at a slower pace in the reported month, down by 1.3 points to 51.7 and reaching a two-month low. Meanwhile, the Manufacturing PMI Output Index also dipped by 1.2 points to 52.4 in October.

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