Sweden Services PMI Falls to 55.7 in October
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Eurozone Composite PMI Falls to Four-Month Low
Eurozone growth eased to a four-month low, signaling weakening momentum as the ECB holds rates and signals no end to tightening. Traders now watch whether other central banks reprice policy; ECB inflation risks remain elevated. Next: Eurozone CPI flash estimate and Lagarde speech.
https://www.pmi.spglobal.com/Public/Home/PressRelease/944a7a1a23154adb9ad88967a362d94aEurozone PMI Composite Falls to 51.7 from 53.1 in October
Eurozone private-sector activity slowed to a four-month low in October as PMI Composite dropped from 53.1 to 51.7, with services declining from 53.0 to 51.4. Both indices remain above 50, signaling continued expansion but at a weakening pace. Demand softness and slipping business confidence signal momentum loss ahead.
https://www.actionforex.com/live-comments/659804-eurozone-pmi-composite-falls-to-51-7-as-demand-weakens-and-business-confidence-slips/Eurozone Services Activity Slows: October PMI Falls to 51.4
Eurozone services PMI dropped to 51.4 in October from preliminary 51.7, signaling weakening demand as wage growth slows. The downward revision matters for EUR ahead of today's CPI flash and Lagarde's speech—softer services undercut inflation persistence and may influence ECB messaging on rate cuts.
https://x.com/FirstSquawk/status/2117906049458168106New to MyTradingLand?
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