Eurozone PMI slips below expectations as French services contract sharply

Eurozone composite activity fell short of forecasts in October, with final PMI readings showing composite at 51.7 versus expected 51.9, signaling soft momentum in the bloc's largest economy. France saw a steeper decline, with services PMI tumbling to 46.2 from an expected 48.4, pointing to underlying weakness in the service sector that extends beyond temporary disruptions.

Germany offered a bright spot, with composite PMI surprising to the upside at 53.4 and services PMI reaching 52.5 versus forecasts of 51.7, suggesting manufacturing resilience persists amid European uncertainty. The divergence underscores fragmentation within the eurozone and raises questions about the European Central Bank's $ECB policy trajectory as inflation pressures mount. #economie #regulation #emergents