Eurozone September final services PMI 51.4 vs 50.5 prelim ...Middle East

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Eurozone September final services PMI 51.4 vs 50.5 prelim
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Services PMI 51.4 vs 50.5 expected and 52.9 prior. Composite PMI 49.6 vs 48.9 expected and 51.0 prior.Key findings:HCOB Eurozone Composite PMI Output Index at 49.6 (Aug: 51.0). 7-month low. HCOB Eurozone Services PMI Business Activity Index at 51.4 (Aug: 52.9). 7-month low. First month since December 2023 that contraction is seen in all big-three eurozone economies.Comment:Commenting on the PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “At first glance, the services sector in the eurozone seems to be holding up fairly well. It's still growing, and the slowdown is not too steep just yet. But when you dig a little deeper and look at individual countries, th

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