The flash eurozone composite output purchasing managers index (PMI) to a six-month low in October of 54.3, from 56.2 in September, according to IHS Markit. The flash services PMI dropped to 54.7 from 56.4, also a six-month low. Any reading blow 50 indicates conditions are deteriorating. While those numbers were above 50, Markit noted a sharp slowing in business activity amid increasingly supply bottlenecks and ongoing concerns over COVID. "While the overall rate of economic growth remains above the long-run average for now, risks seem tilted to the downside for the near-term as the pandemic continues to disrupt economies and push prices higher," said Chris Williamson, chief business economist at IHS Markit, in a news release.