S&P Global's preliminary eurozone composite PMI output index rose to 53.1 in
September from 52.0 in August, the strongest reading since April 2023,
signalling an acceleration in business activity. New orders expanded at the
quickest pace in over four years, supported by further export growth. Services
PMI rebounded to 53.0 from 51.6, a near-year high; manufacturing held at 52.7
while the output subindex edged up to 53.4 from 53.3. Firms reported sharply
higher operating costs. S&P Global chief business economist Chris Williamson
said renewed inflationary pressure in September was not surprising given Middle
East-driven energy price increases, and that the resilience in growth was
encouraging.
