Business activity in eurozone slows in October according to PMI survey
AFPBRUSSELS--Eurozone business activity slowed in October, coming off a 27-month high in September to highlight concerns the economy is recovering only slowly from recession, a survey showed on Thursday.
October 25, 2013, 12:27 am TWN
The closely watched Composite Purchasing Manager's Index (PMI) compiled by Markit Economics fell to 51.5 points in October from 52.2 in September.
Holding above the 50 points boom-bust line, the report suggests the 17-nation eurozone continued to expand at the start of the fourth quarter, having escaped a record 18-month recession in the third with growth of 0.3 percent.