The pace of growth among businesses in the eurozone eased in October as the service sector slowed, a survey has indicated.
The preliminary Purchasing Managers’ Index (PMI) from research firm Markit fell to 51.5 from 52.2 in September.
However, a reading above 50 still implies expansion, and activity has now grown for four months in a row.
Markit said expansion was “broad-based” across the eurozone, although growth slowed in both Germany and France.
Germany – which has been the main economic powerhouse for the eurozone in recent years – saw growth slow to a three-month low.
Markit also noted that the eurozone’s jobs market remained weak. Employment fell for the 22nd month in a row, with the rate of job losses picking up from September.
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