Eurozone PMI jumps as services surge, price pressures keep ECB October rate hike in play - investingLive

Following the stronger showings in both France and Germany earlier, the more robust business activity in the overall euro area here was very much expected. The latest reading signalled a third consecutive monthly expansion in business activity in the region, with it being the fastest in almost three-and-a-half years. Solid growth was registered across both the manufacturing and services categories, with the latter in particular being a key driver of the improvement in September. The latest rise in output was also broad based across the different geographies covered by the data. Germany posted an expansion for the third month running, with the rate of growth the fastest in just under a year.