Eurozone business activity grew at its fastest pace since April 2023, PMI shows

Reuters, in The Economic Times, reports that the eurozone’s composite PMI rose to 53.1 in September from 52.0 in August, its highest reading since April 2023. Spain was the strongest performer, followed by Ireland, while Germany’s recovery accelerated. Input and output prices rose at their fastest pace in four months, fueling speculation about further European Central Bank rate hikes.