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Eurozone economic growth slows as France enters contraction
Eurozone private-sector activity slowed to a four-month low in October, according to S&P Global flash PMI data. The composite index fell to 51.9 from 53.1 in September, missing market forecasts. While the region remains in expansionary territory, growth momentum has cooled across both the services and manufacturing sectors.
France acted as a significant drag on the bloc's performance, with its composite PMI slipping into contraction at 48.4. This decline follows a brief period of growth in September and is attributed to political instability, financial strain, and social unrest. Both French manufacturing and services sectors reported contractions.
In contrast, Germany's composite PMI remained in expansion at 52.8, though it slowed from September's 53.8. The broader eurozone slowdown is being driven by rising input costs, specifically in energy, fuel, and transport, which has pressured profit margins and contributed to persistent inflationary concerns.
Entities
Chris Williamson · European Central Bank · European Commission · Eurozone · France · Germany · S&P Global
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] The eurozone's quarterly GDP growth is estimated at 0.3%. cashcow.nl · www.diarioestrategia.cl · www.capital.gr · businessnews.com.my · www.tokenpost.com
- [● 22 SOURCES] The eurozone composite PMI fell to 51.9 in October from 53.1 in September. cashcow.nl · www.diarioestrategia.cl · www.rd.nl · novini247.com · www.capital.gr · +15 more
- [● 8 SOURCES] The eurozone services PMI was 51.7 in October. cashcow.nl · www.diarioestrategia.cl · www.capital.gr · businessnews.com.my · www.enikonomia.gr · +3 more
- [● 8 SOURCES] The eurozone manufacturing PMI was 52.4 in October. cashcow.nl · www.diarioestrategia.cl · www.capital.gr · businessnews.com.my · www.enikonomia.gr · +3 more
- [● 3 SOURCES] France's manufacturing PMI reached a 11-month low of 49.3 in October. www.diarioestrategia.cl · fakti.bg · businessam.be
- [● 6 SOURCES] Germany's composite PMI was 52.8 in October. www.diarioestrategia.cl · businessnews.com.my · www.tokenpost.com · www.powergame.gr · www.sbctv.gr
- [● 6 SOURCES] Input costs in the eurozone increased for the second consecutive month due to energy and transport prices. www.rd.nl · www.devdiscourse.com · nieuws.nl · www.welingelichtekringen.nl · businessnews.com.my · +1 more
- [● 8 SOURCES] France's composite PMI dropped to 48.4 in October. www.diarioestrategia.cl · fakti.bg · tr.euronews.com · businessnews.com.my · businessam.be · +3 more
- [● 2 SOURCES] France's services PMI fell to 48.4 in October. www.cnnbrasil.com.br · businessam.be