German S&P Global Composite PMI Flash (Oct) 52.8 vs. Exp. 53.3 (Prev. 53.8)

"Labour market conditions continue to show a very gradual improvement, reflecting a steady but modest pace of job creation among services providers alongside an increasingly stable picture in the manufacturing sector". "Whilst goods producers continued to see business conditions improve, aided by sustained growth in export sales and the filtering through of increased defence and infrastructure spending, a renewed surge in cost pressures has dampened expectations across the sector, with the two likely to remain intrinsically linked in the months ahead".