Eurozone activity collapsed in October, according to PMIs

Eurozone activity collapsed in October, according to PMIs

Economic activity unexpectedly contracted at a faster pace in the euro zone in October, as output fell sharply and demand weakened, data from a survey of business managers showed on Tuesday. ‘purchases.

The euro zone HCOB Flash composite production index, a gauge of activity in the manufacturing and services sectors, fell to 46.5 from 47.2 in September, hitting its lowest level in just under three years.

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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