(IHS Markit) Eurozone’s PMI Composite Output Index fell to a six-month low of 54.3 in October, down from 56.2 in September on sticky supply chain and ongoing Covid-19 concerns.
The Services PMI Activity Index was also at a six-month low of 54.7, down from 56.4 in September.
Manufacturing PMI Output Index plunged further to a 16-month low of 53.2, from 55.6 posted in September. Manufacturing PMI reached an 8-month low of 58.5, from 58.6 in September.
Germany’s growth slowed to the lowest since February, while in France, it fell to the lowest since April.
Job creation rose at the joint-highest in 21 years, with firms boosting capacity to satisfy demand, but optimism was dented by supply concerns.
Lead times lengthened to almost a record, while input costs rose at the fastest in almost two decades.
Backlog of work rose at an elevated rate, but the pace moderated to the lowest since April.
Future sentiment moderated to the lowest since February but improved slightly in services but fell to the lowest for a year among manufacturing firms.
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