Euro-zone factory activity strengthened in September, with the PMI rising to 52.9, its highest level in four years. The reading indicates a continued expansion in manufacturing activity and points to improving conditions across the region’s industrial sector.
Euro-zone manufacturing expanded at its fastest pace in more than four years in September, with the HCOB/S&P Global Manufacturing PMI rising to 52.9 from 52.7 in August, Reuters reported. The reading exceeded the preliminary estimate of 52.7 and marked a third consecutive month above the 50 growth threshold. The output index rose to 53.6, a 55-month high, while stronger investment-goods demand supported activity. Price pressures remained a concern, keeping the interaction between improving growth, InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More and future European Central BankCentral Bank refers to the public monetary authority responsible for managing a currency system and implementing monetary policy. The term belongs in Level 7 because it helps co...Read More policy in focus.
