Eurozone private sector growth eased sharply to a six-month low in October amid rising supply bottlenecks and COVID-19 concerns, flash survey results from IHS Markit showed on Friday.
The composite output index dropped to 54.3 in October from 56.2 in September. The reading was expected to fall to 55.2.
Although the October expansion was the weakest since April, the latest reading remained above the survey's pre-pandemic long-run average of 53.0 to signal above-trend growth. By sector, services outperformed manufacturing for the second straight month. The services Purchasing Managers' Index came in at 54.7 in October, down from 56.4 in September and also below economists' forecast of 55.5.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.