Euro Zone Growth Slumps to Four Month Low
Euro zone private sector growth slowed to a four-month low in October due to surging energy costs and political turmoil in France. Business activity in France unexpectedly contracted while German growth softened.
Euro zone private sector growth slowed to 51.9 in October from 53.1 in September, marking a four-month low. The drop missed all economist forecasts due to surging energy costs and political turmoil. Investors face renewed uncertainty as slowing momentum tests the resilience of the single currency area.
