Eurozone PMI composite dropped to 56.1, unwelcome combination of sharply slower economic growth and steeply rising prices

Eurozone PMI Manufacturing dropped from 61.5 to 58.7 in September, below expectation of 60.4, a 7-month low. PMI Services dropped from 59.0 to 56.3, below expectation of 58.4, a 4-month low. PMI Composite dropped from 59.0 to 56.1, a 5-month low. Chris Williamson, Chief Business Economist at IHS Markit said: “September’s flash PMI highlights an […]

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