Economy and macroUpdated November 4

Eurozone growth hits a four-month low.

October's PMI reading is a case of slowing, not shrinking: eurozone activity continued to expand, but at its weakest pace in four months. The index also described demand as nearing stagnation, while input costs rose and business confidence declined. Put together, those signals make for an awkward contrast: the economy is still growing, but demand is close to standing still and confidence is heading down.

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Coverage started November 4