Global Economic News

Eurozone Private Sector Activity Shrinks Most In Nearly 3 Years

Euro area private sector activity declined at the fastest pace in nearly three years in October due to the sharp fall in business intakes amid the gloomier economic outlook.

The HCOB composite output index posted 46.5 in October, in line with the flash estimate, final results of the purchasing managers' survey by S&P Global showed on Monday.

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by Renju Jaya

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