The S&P Global Eurozone Services PMI fell to 51.7 in October 2026 from 53.0 in the previous month, coming in below market expectations of 52.5. This marked a two-month low, indicating a moderation in services sector growth. The pace of job creation slowed to a five-month low, reflecting weaker growth in new business and reduced pressure on operating capacity. French services activity returned to contraction, while growth also softened elsewhere in the eurozone. Services input cost inflation eased, although firms faced a less favorable business outlook amid slowing activity and persistent inflationary pressures.