Eurozone business activity strengthened markedly in September, with the Flash Composite PMI rising from 52.0 to 53.1 , its highest level in 41 months. Growth was broad-based across sectors: the Services PMI climbed to 53.0 from 51.6 , a 10-month high, while the Manufacturing Output Index edged up to 53.4 from 53.3 , its strongest reading in 55 months. The headline Manufacturing PMI held at 52.7 . Demand also improved, with overall new orders expanding at the fastest pace since May 2022 and export orders rising for a second consecutive month after 53 straight months of decline. The improvement also broadened geographically. Germany’s Composite PMI jumped to 53.8 from 51.8 , an 11-month high, as services returned to expansion at 52.9 from 49.7 .
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