MW: Euro zone flash composite PMI hits 22-month high
By Sarah Turner
LONDON (MarketWatch) -- The euro zone flash composite output index rose to 53.0 in October, according to Markit, up from 51.1 in September and a 22-month high for the index. Economists had been expecting a reading of 51.6, according to FactSet. The services business activity index rose to 52.3, up from 50.9 in September. Manufacturing PMI rose to 50.7, from 49.3 a month ago. "The flash PMI's indicate that the Euro zone economy has entered Q4 on a strong note, with growth accelerating in both manufacturing and services," said Chris Williamson, chief economist at Markit.
