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- Eurozone composite PMI below the flash estimate
Eurozone composite PMI below the flash estimate
The final Markit Eurozone PMI Composite Output Index rose to 53.3 in October, up from 52.6 in September, but below the earlier flash estimate of 53.7. Faster output growth was seen in both the manufacturing and service sectors, reaching a 30- month high in the former.
Chris Williamson, Chief Business Economist at IHS Markit said: "It's a mixed picture of performance within the single currency area. Germany has revived to return as the major growth driver, with the October PMI signalling a 0.5% quarterly GDP growth rate. Spain is also enjoying a growth rate of 0.6-0.7% as the PMI edged higher. In France, although the rate of expansion slowed in October, recent months have seen the best performance for a year".
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