The breakdown Eurozone manufacturing ended the third quarter on a stronger footing, with the headline PMI rising to 52.9 in September from 52.7 in August - marking its highest level in more than four years. Of note, production and new orders both increased at their fastest rates since early 2022 with new order growth reaching its strongest since March 2022. However, the less comfortable part of the report was inflation. Input cost and output price inflation both accelerated in September, marking the first time in four months that both measures increased at a faster pace.
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