FXstreet.com (Barcelona) - Business activity in the Euro Zone's services sector has grown in October at a faster pace than in September, according to the latest PMI report on services.

Services PMI rose to 55.8 in October from 54.2 in September, a higher than expected increase as market analysts expected a 55.6 reading. Composite PMI was revised up to 54.7 from the previous 54.5 estimation.