Euro Zone Business Activity Remains Stagnant, PMI Reports

In October, Euro zone business activity faced another setback, continuing its trend of contraction as both domestic and international demand weakened, according to a recent survey released by HCOB and S&P Global. The preliminary composite Purchasing Managers’ Index (PMI) for the euro zone edged up slightly to 49.7 from September’s 49.6; however, it remains below...