Pakistan air defenses shot down eight drones: four near Torkham and four in the mountainous border area near Kohat.

Preliminary S&P Global PMIs: Germany composite PMI rose to 53.8 in September from 51.8 in August, the highest since October last year. Economists polled by Refinitiv had expected 51.8. Services PMI climbed to 52.9 from 49.7, a seven-month high that ended five months of contraction. Manufacturing PMI eased to 53.8 from 54.3 but remained in expansion. S&P Global Market Intelligence deputy head of economics Phil Smith said the initial data signal the fastest pace of business activity growth in nearly a year, with services rejoining manufacturing. Despite renewed inflationary pressures, firms reported faster output growth, stable near-term expectations and a second consecutive month of employment gains.

S&P Global said on Wednesday its preliminary US composite PMI rose to 58.4 in September from 56.0 in August, the strongest reading since July 2021, driven by a surge in new orders and broad gains in both services and manufacturing. S&P said the PMI is consistent with roughly 5% annualized GDP growth. Backlogs and supply delays jumped sharply, indicating capacity shortfalls and pushing prices higher. S&P Global Market Intelligence chief commercial economist Chris Williamson said both sectors are clearly strong but, excluding pandemic distortions, the expansion is occurring alongside one of the most severe supply-chain bottlenecks in nearly 20 years. S&P added that supply constraints have been largely linked to the US and Israel campaign against Iran, now in its seventh month.