European S&P Global Composite PMI Final (Oct) 51.7 vs. Exp. 51.9 (Prev. 53.1)
ORIGINAL · NewsquawkEuropean S&P Global Composite PMI Final (Oct) 51.7 vs. Exp. 51.9 (Prev. 53.1)Read originalHide original
"Further upward price pressures were reported in October, largely linked to higher energy prices, which are squeezing customers’ budgets and discouraging spending. At the same time, political uncertainty is acting as a secondary drag on spending and investment." "While the markets have been pricing in a near certainty of a further rate hike from the ECB in December, any further slowing of the growth trajectory may sow some doubts as to the need for more tightening as we head into 2027."
October’s final composite PMI was below expectations and the previous reading; the article cites energy-linked price pressures and political uncertainty as drags on spending and investment.
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"Further upward price pressures were reported in October, largely linked to higher energy prices, which are squeezing customers’ budgets and discouraging spending. At the same time, political uncertainty is acting as a secondary drag on spending and investment." "While the markets have been pricing in a near certainty of a further rate hike from the ECB in December, any further slowing of the growth trajectory may sow some doubts as to the need for more tightening as we head into 2027."
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