欧元区10月PMI创两年多来新高 支撑欧洲央行暂停降息

Core Insights - The Eurozone economy expanded at its fastest pace since May 2023 in October, breaking a low-growth pattern earlier in the year, driven by a rebound in service sector activity and improved demand [1][2] - The HCOB Eurozone Composite PMI rose from 51.2 in September to 52.5 in October, marking the highest level in 29 months and indicating growth for the tenth consecutive month [1] - The service sector PMI for October was reported at 53, exceeding expectations, while new orders surged to a two-and-a-half-year high, primarily driven by services [1] Group 1 - Spain led with a Composite PMI of 56.0, the best performance in 10 months, while Germany's index rose to 53.9, the highest in nearly two and a half years [2] - Italy and Ireland recorded robust growth with PMIs of 53.1 and 53.7 respectively, while France remained in contraction territory with a PMI of 47.7, the lowest in eight months [2] - Overall employment growth accelerated to the highest level in 16 months, reversing a slight decline in September, driven by increased hiring in the service sector [2] Group 2 - Input cost inflation for the composite index fell to the lowest level in three months, while the pace of increase in selling prices reached a seven-month high [2] - The European Central Bank maintained interest rates at 2% for the third consecutive meeting, indicating a stable policy environment amid steady economic growth and inflation near the 2% target [2]