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2026-11-04 17:20:30
[Eurozone October Services PMI Revised Down to 51.4] In October 2026, the S&P Global Eurozone Services PMI was revised down to 51.4 from the preliminary reading of 51.7, lower than September's 53, indicating a slowdown in services growth at the start of the fourth quarter. New business inflows declined slightly, a significant departure from the robust growth seen in each month of the third quarter. To support business activity, companies consumed backlogged work, and outstanding orders declined for the 11th time in the past 12 months. October data also showed a renewed decline in services employment, the first time since May. Services price pressures eased slightly, with both output-based and input-based inflation rates falling for the first time since July.
