The preliminary reading of the PMI for the euro area in the services and manufacturing sectors recorded some variation amid a clear impact of supply bottlenecks, as the services index in the euro area fell to its lowest level in six months in the October reading at 54.7 compared to 56.4 in September (expectations at 55.4), in On the other hand, the manufacturing index rose to 58.5 compared to 58.6, but it came less than expectations that indicated a growth of about 56.5.

In the details of the index, the services index in France rose by 56.6 in the preliminary reading for the month of October, compared to 56.2 in the September reading (expectations 55.6), while the manufacturing sector declined to 53.5 compared to 55.0 in the September reading, recording its lowest level in nine months (expectations 53.9). .

The German services index grew at the lowest pace in six months at 52.4 compared to 56.2 in September (expectations of 55.2), while the manufacturing index rose to 58.2 from 58.4 in September, better than expectations of 56.5.

On the other hand, both the service and manufacturing sector in the United Kingdom recovered in October, as the service sector recorded a growth of 58 points, compared to the revised September reading of 55.4 and better than expectations that were at 54.5 points, the manufacturing sector rose to 57.7 compared to 57.1 in the revised September reading (Forecast at 56.1).

The euro against the US dollar is trading at 1.1644 levels, on a high with the opening of the European markets, while the British pound is rising after this data and is trading at 1.3797 levels against the US dollar.