Concerns over Europe economy as poll finds almost 23% of Spaniards have anxiety over cost of living – as it happened

Respondents to survey for newspaper El Pais and radio network SER also saw inflation as a bigger global threat than war, energy instability, terrorism and the climate crisis. This live blog is closed

The downturn in eurozone business activity accelerated last month, a survey showed today, Reuters reported.

The final composite purchasing managers' index (PMI) compiled by S&P Global fell to 46.5 in October from 47.2 in September, its lowest reading since November 2020.

The outlook also looks very weak, with the new orders PMI falling to its lowest level since September 2012, excluding the early pandemic months, while exports were also particularly weak.