Eurozone private sector expanded in September at the slowest rate in 4 months

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Activity in the private sector in the eurozone rose in September at the slowest rate in 4 months, IHS Markit reported. According to the company's final data, the composite index of production in the private sector of the eurozone was 54.1 points, getting down from 54.5 points in August. Nevertheless, growth in the sector has been maintained for 63 months in a row. The reason for the slowdown is the weakening of production activity, which showed the slowest growth in production since May 2016. At the same time, the services sector rose to a 3-month high in September. The index of purchasing managers in this sector reached 54.7 points.

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