The further decline in the euro-zone Composite PMI in October left it well into contractionary territory and the breakdown provides further evidence that price pressures are easing. The survey will not change things for the ECB, which is set to leave rates unchanged on Thursday, but it does reinforce the sense that the economic outlook is deteriorating.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.