FX.co ★ Eurozone Services Activity Growth Slows in October

The S&P Global Eurozone Services PMI slipped to 51.7 in October 2026 from 53.0 in September, falling short of market expectations of 52.5. This two-month low signals a cooling in the pace of expansion in the services sector. Employment growth eased to its weakest rate in five months, reflecting softer gains in new business and a reduction in capacity pressures. In France, services activity moved back into contraction, while growth also lost momentum across the rest of the eurozone. Input cost inflation in services continued to moderate, but firms faced a less favorable business outlook amid slowing activity and ongoing inflationary pressures.