The service sector in the euro area fell in September

Data released by Markit Corporation today showed that the composite Purchasing Managers' Index, which combines the industrial and service sectors in the euro zone, fell to 56.2 points in September from 59.0 points in August. The services purchasing managers' index fell in the 19 member states of the euro area to 56.4 points in September from 59.0 points in August, the lowest level since May, with the new business index falling to 55.3 points in September from 57.9 points in August.

The measure of production prices for the composite PMI rose to 59.1 points in September from 58.3 points in August, while demand fell to its lowest level in five months as input costs rose.