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

Reuters reports in The Economic Times that the composite PMI rose to 53.1 in September, even as price pressures intensified.

1 Source, 20d ago, first seen 20d ago

TLDR

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.

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