Economic growth in the Eurozone has slowed: the lowest level in the last four months

Euro-area business activity growth slowed in October, with the S&P Global composite PMI falling to 51.7, its lowest level in four months. Weakening new orders and rising costs weighed on the growth outlook, while France slipped back into contraction. The reading still sits above the 50 threshold that separates expansion from contraction, but the loss of momentum signals mounting strain on the bloc's economy. Investors will watch upcoming PMI releases and incoming European Central Bank commentary for signs of whether the slowdown deepens.