European 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