(IHS Markit) Eurozone’s PMI Composite Output Index hit a 5-month low, after falling to 56.1 in September, from 59.0 in August.
Fig: Eurozone Composite PMI
Services PMI reached a 4-month low of 56.3, down from 59.0 in August
Manufacturing PMI Output Index was 55.6, an 8-month low, compared to 59.0 in August. Manufacturing PMI fell to a 7-month low of 58.7 from 61.4 in August.
The fall in business activity reflected rising concerns of the ongoing pandemic and supply chain constraints.
Inflation rose at the fastest rate in 21 years as demand outstripped supply.
New order inflows increased at the slowest rate since April, as demand expanded at a reduced pace in both the services and manufacturing businesses.
Employment gains hit a 4-month low but remained at the highest over the past two decades as firms expanded capacity.
Future sentiment moderated, reaching the lowest since January as firms expressed concerns of the ongoing pandemic.
SPY is up +0.81% on premarket, DXY is down -0.32%.
