Latest data released by Markit – 5 October 2020
- Composite PMI 50.4 vs 50.1 prelim
The preliminary report can be found here. The slight revision higher was predicated by the better revision to the German report earlier, but the contraction in the services sector highlights the two-paced recovery faced by most countries in the Eurozone.
Overall economic activity is seen grinding towards a halt and if virus developments continue to take a turn for the worse, could threaten the economic recovery in the region towards the closing stages of the year. Markit notes that: