It was a mixed bag for PMI data for the Euro Area yesterday. The figure for manufacturing beat expectations, showing that the output growth in September accelerated to the fastest since February 2018. Employment also fell at a softer pace.
For the services sector, however, it was a different story. The figure came in below expectations and pointed to a downturn in the sector due to increasing coronavirus infection rates.
This morning, the ECB are due to release their economic bulletin after holding their Non-Monetary Policy meeting yesterday evening.
