Euro-Area Companies Expand Workforce as Order Growth Picks Up
- Composite PMI falls to 55.9 in October from 56.7 in September
- Capacity bottlenecks have effect on prices, IHS Markit says
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The euro-area economy maintained its strong momentum at the start of the final quarter of this year, with rising workloads encouraging companies to take on new staff at the sharpest pace in more than a decade.
A Purchasing Managers’ Index for manufacturing and services slipped to 55.9 in October from 56.7 in September, IHS Markit said on Tuesday. Economists surveyed by Bloomberg predicted the measure would drop to 56.5.