Eurozone Composite PMI Falls to 48.2 in September - S&P Global

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Eurozone Composite PMI Falls to 48.2 in September - S&P Global
Credit: © Reuters.

By Scott Kanowsky 

Investing.com -- A downturn in Eurozone business activity deepened in September, sliding to its lowest mark in 20 months, as pressure on companies from soaring inflation increased.

S&P Global's flash composite purchasing managers' index for the eurozone dropped to a reading of 48.2, down from 48.9 in August and in line with economists' estimates. A level below 50 indicates contraction.

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