Strong PMI Readings Signal Economic Growth
Services PMI rose to 52.6 from 51.3.
Firms raised prices faster despite slower operating-cost growth.
Services hiring fastest since June 2024, manufacturing output PMI at 51.1.
Manufacturing firms cut staff at fastest pace in four months.
European Central Bank finished rate cuts as inflation nears 2%, business confidence at five-month low.
Germany's private sector growth strongest in nearly 2.5 years, boosting euro.
France's economy declined due to political volatility.
Capital Economics notes October PMIs suggest early fourth-quarter momentum.