Mubasher: Companies in the eurozone are hiring at the fastest pace in over a decade, as shown by a survey of business activity published Tuesday.
Data showed IHS Markit’s Eurozone Flash Composite Purchasing Managers’ Index fell 55.9 points in October, versus 56.7 points in September.
Although the index's overall figure edged down, the relatively high level suggests the 19-country eurozone economy continued its strong period of expansion this year.
Meanwhile, manufacturing PMI rose 58.6 points this month from 58.1 points in September.
Analysts forecasted manufacturing growth to drop to 55.7 points this month.
The bloc’s dominant service industry dwindled to 54.9 points in October from 55.8 points in September.
By 9:51 am GMT, the Euro inched up to 1.17583 US dollar.
