Eurozone business activity rises unexpectedly
A survey today showed that business activity in the Eurozone recorded the fastest growth pace in over three years in September, surpassing expectations of a slowdown. The composite Purchasing Managers' Index (PMI) rose to 53.1 points, supported by an increase in new orders and rising exports from the region, with the manufacturing sector remaining stable and a gradual increase in the production index. Despite the strong growth, companies are facing a sharp rise in operating costs due to higher energy prices resulting from international conflicts, raising concerns about persistent inflationary pressures. These results are positive despite inflation challenges and highlight the resilience of the region's economy.
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