According to Jin10, Chris Williamson, chief business economist at S&P Global Market Intelligence, said the October PMI survey showed the eurozone economy grew at a modest but steady 0.3% pace at the start of the fourth quarter, extending the strong performance of the third quarter. He said recent growth momentum may be weakening: after three consecutive months of solid sales growth, inflows of new business had slowed to near stagnation, and business growth expectations had fallen to their lowest level since May. Companies face headwinds from inflation, geopolitical uncertainty, and higher borrowing costs. Although markets are now almost certain the European Central Bank will raise rates again in December, further weakening growth could lead markets to question the need for additional monetary tightening as 2027 approaches.