FXstreet.com (Barcelona) - Purchasing Managers Index of the services sector fell to the level of 53.1 points in October, after registering a reading of 56.7 points in September.

The result came out well below market consensus, which anticipated a smaller fall to the level of 56.2 points. The index still remains above the 50 points mark which signals expansion, but the growth rate seems to be falling sharply.