Economic Buzz: Eurozone business activity growth slows in October

Private sector activity continued to improve in October, albeit at a slower pace, with the Composite Purchasing Managers' Index (PMI) reaching 51.7, down by 1.4 points from September's reading and hitting a four-month high, S&P Global said in its final report on Wednesday.

Meanwhile, the Services PMI Business Activity Index remained in expansion territory in October at 51.4 but declined by 1.6 points from September and reached a four-month high. The report showed that new orders came close to stalling as output price inflation remained historically high.

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