Euro-Zone Business Activity Unexpectedly Hits Highest Since 2024
Customers on a restaurant terrace in Pirna in Saxon Switzerland, in Germany.
Photographer: Krisztian Bocsi/BloombergBusiness activity in the euro area unexpectedly reached its highest level since May 2024 as outperformance by Germany helped offset weakness in France.
The Composite Purchasing Managers’ Index compiled by S&P Global increased to 52.2 in October from 51.2 in September, further above the 50 threshold separating growth from contraction. Analysts had predicted an almost unchanged reading.