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Covid-19 Surge Forces Europeans to Stay Home, Dragging on Economy

Covid-19 Surge Forces Europeans to Stay Home, Dragging on Economy

Europe’s service providers reported a fresh decline in activity as a surge in coronavirus infections in October pushed consumers to avoid face-to-face

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Europe’s service providers reported a fresh decline in activity as a surge in coronavirus infections in October pushed consumers to avoid face-to-face services ranging from entertainment to eating out, a contrast with Asian countries such as China, which continued to see a rebound.

Data firm IHS Markit said its services Purchasing Managers Index for the eurozone fell to 46.9 in October from 48.0 in September. A reading above 50.0 indicates that activity is increasing, while a reading below points to a decline.

The…

This post first appeared on wsj.com

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