Activity in the euro-zone private sector accelerated in October, with the S&P Global HCOB Flash Composite PMI rising to 52.2 from 51.2 in September — marking the tenth straight month of expansion and the fastest pace since mid-2024.
“October’s flash PMIs suggest that the euro zone economy may have picked up a bit at the start of the fourth quarter,” said Adrian Prettejohn at Capital Economics.
“In France, activity declined faster than expected as demand for goods and services … weakened further,” he added.
The ministers managing August’s data said that despite improved activity, “the fact that the outlook for the future is more cautious … shows that the economic situation remains fragile.”
Services led the expansion with its PMI jumping to 52.6, while manufacturing output edged up to 51.1.
