Mumbai, Aug. 21 -- The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index compiled by S&P Global, improved for the third month running in August, posting 51.1 from 50.9 in July. The modest increase in business activity was the sharpest since May 2024. Output has now risen in each of the past eight months.
New orders increased in the Eurozone during August thereby ending a period of decline stretching back to June 2024. The renewed expansion in new business helped lead to a further pick-up in business activity, which rose to the greatest extent in 15 months.
Companies also increased their staffing levels, the sixth month running in which this has been the case. Meanwhile, inflationary pressures strengthened, with both input...