Trade & Sector NewsEuropean Business sectors in October 2021
The European Automobiles & Auto Parts sector suffered further declines in output and new orders in October, according to the latest Europe Sector Purchasing Managers Index (PMI®) data from IHS Markit.
Only two other European sectors registered falling output in October: Metals & Mining and Forestry & Paper Products.
The strongest rate of output growth in October was seen in Technology Equipment, which has posted in the top two rankings for the past nine months.
Machinery & Equipment is the fifth-fastest growing sector in October.
Source: IHS Markit