The euro area private sector posted its strongest expansion since May 2023, supported by improved demand conditions, final survey data from S&P Global showed on Wednesday.
The HCOB final composite output index improved to 52.5 in October from 51.2 in September. This was the highest score since May 2023, indicating a breakout from the generally subdued growth trend seen throughout 2025 so far.
Manufacturing and services contributed to the euro area expansion in October. Factory production growth picked up but at a marginal pace, while services registered marked acceleration of growth.
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by Renju Jaya
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