Euro-Zone Private Sector Fared Better Than Estimated Last Month
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Euro-area business activity held up better than initially reported in October as growth in the services sector kept the region from contracting for a second month in a row.
The composite Purchasing Managers’ Index by S&P Global ticked up to 50 from 49.6 in September, hitting the level that separates growth from contraction. A flash reading on Oct. 24 had shown a smaller increase and a reading below the key threshold.