Private sector activity across the eurozone expanded at its fastest pace in almost three-and-a-half years in September, according to preliminary survey data released on Wednesday. The HCOB flash eurozone composite purchasing managers' index, compiled by S&P Global, rose to 53.1 from 52.0 in August, its highest reading since April 2023. A reading above 50.0 indicates expansion. Growth strengthened across both manufacturing and services. The services business activity index climbed to a 10-month high of 53.0 from 51.6, while the headline manufacturing PMI was unchanged at 52.7 – though the manufacturing output index edged up to 53.4 from 53.3, reaching a 55-month high.
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