Mumbai, Oct. 3 -- The euro area economy continued its expansionary trend at the end of the third quarter, with the pace of growth even ticking slightly higher to its strongest since May 2024.
That said, the upturn was again a muted one as demand barely improved and employment levels decreased. A pick-up in confidence for the first time since June was nevertheless recorded, while input cost and output charge inflation rates eased.
The seasonally adjusted HCOB Eurozone Composite PMI Output Index increased for the fourth month in a row to 51.2 in September, from 51.0 previously, signaling a further gradual acceleration in output growth across the eurozone private sector. Additionally, the headline measure rose to its highest level since May ...