Service-sector growth across the eurozone picked up as expected in September, according to the final estimates of the services purchasing managers' index released on Monday from S&P Global, sending business activity across the region to its highest in three and a half years. The services PMI increased to 53.0 last month, up from 51.6 in August and matching the preliminary estimates released two weeks ago. This marked the highest rate of expansion – indicated by any reading above 50.0 – since November 2025. The acceleration pushed overall private sector activity across the single currency union – calculated by the weighted average of the manufacturing PMI output index and the services PMI – to a 41-month high, with the composite PMI rising to 53.
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