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Quotes from Capital Economics:
- The small fall in the euro-zone composite PMI in September (data released on Tuesday) reflected declines in both the service sector and manufacturing indices, adding to signs that the region's economy barely expanded in Q3 after Q2's stagnation.
- The dip in the headline economy-wide output index from 52.5 to 52.3 was a touch worse than the consensus forecast of no change.
- In all, the survey evidence is doing nothing to alter the picture of a struggling euro-zone economy, which will intensify the pressure on governments and the ECB to provide more policy support.
