A glimmer of optimism shone over the eurozone economy on Friday, as fresh business activity data revealed the fastest pace of private sector growth since mid-2023.
October's Composite Purchasing Managers’ Index (PMI) for the eurozone rose to 52.2 from 51.2 in September, according to flash estimates, marking the ninth consecutive month of expansion and tying for the most robust reading since May 2023.
The outcome defied market expectations of a slowdown to 51, offering signs that the bloc’s economic recovery may be regaining traction.
The upturn was broad-based, with both the services and manufacturing sectors contributing to
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