Europe slowed down a bit in October.
Europe slowed down a bit in October.
Eurozone flash PMI came in at 51.9, from 53.1 in September. Still growth, but the lowest since June and below what every economist in the Reuters poll expected.
What I find more interesting for small business owners: input costs went up for the second month in a row (energy, fuel, transport), but companies raised their prices slower than in September. So margins are getting squeezed. And hiring almost stopped.
Export orders up for the third month though. Not everything is grey.
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