A key indicator for the eurozone economy fell to a four-month low in October, as increased restrictions due to a rise in coronavirus numbers hit the services sector.
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Employees carry chairs into a closed coffee shop in Berchtesgaden, southern Germany, on October 20, 2020, after a local lockdown was imposed on the district because of the coronavirus Covid-19 pandemic
christof stache/Agence France-Presse/Getty Images
A key indicator for the eurozone economy fell to a four-month low in October, as increased restrictions due to a rise in coronavirus numbers hit the services sector.
The flash eurozone composite purchasing managers index fell to 49.4 in October from 50.4 in September, falling just below the 50 mark that indicates deteriorating conditions.
Economists had expected a 49.5 reading.
The flash eurozone services PMI fell to 46.2 from 48, while the manufacturing PMI rose to 54.4 from 53.7.
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