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The German service sector slipped back into contraction in October, with the HCOB final services Purchasing Managers' Index (PMI) falling to 48.2. The Eurozone composite PMI pointed to the sharpest decline in private sector activity in nearly 3 years, leading firms to cut staff for the first time since early 2021. The slide in Eurozone business activity accelerated as demand in the services industry weakened further, and official data showed the economy contracted 0.1% in the third quarter.
According to a survey, the slide in euro zone business activity accelerated last month as demand in the services industry weakened further. Official data showed the economy contracted 0.1% in the third quarter Read more: https://t.co/7WhKmuAhj7 https://t.co/8qB5BCr7eq
According to a survey, the slide in euro zone business activity accelerated last month as demand in the services industry weakened further. Official data showed the economy contracted 0.1% in the third quarter https://t.co/QYWywZ193Q https://t.co/ZUdrD6ornB
Eurozone Composite #PMI pointed to the sharpest decline in private sector activity for nearly 3 years in October (46.5; Sep: 47.2), leading firms to cut staff for the first time since early-2021. https://t.co/y2TxCwpeAH
The European composite PMI output index pointed to the sharpest decline in nearly three years October's data also showed firms in the region cutting staff on a net basis for the first time since early 2021 The region is quite likely to go into a recession https://t.co/ZOUk3Tsd3Y
Euro zone economy started Q4 on back foot, stoking recession fears -PMI https://t.co/kOvhJJcBy8 https://t.co/yC35BNCjHR
π©πͺ GERMAN SERVICE SECTOR ACTIVITY CONTRACTS IN OCTOBER - PMI The German service sector slipped back into contraction in October amid persistent weakness in demand, a survey showed on Monday. The HCOB final services Purchasing Managers' Index (PMI) fell to 48.2 in October fromβ¦ https://t.co/ygMVi2KjZg https://t.co/Fzdcm61xEH