Germany's Composite PMI Falls to Two-Month Low in October

The pace of expansion in German business activity softened in October, according to HCOB Composite Purchasing Managers' Index data reported by Reuters and FXStreet. The index fell to 52.8 points, trailing analyst expectations of 53.3 points.

The decline brought the composite measure to a two-month low, with the deceleration driven primarily by easing growth across the services sector, Seeking Alpha reported. Despite the softer pace of expansion, the reading remains above the 50-point threshold separating economic growth from contraction.