Euro Zone Business Activity Hits Three-Year High
Euro zone business activity expanded at its fastest rate in over three years in September. The unexpected growth defied expectations despite rising energy costs driven by ongoing conflicts.
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The euro zone economy expanded at its fastest rate in over three years in September, defying energy shocks linked to conflicts in Ukraine and the United States conflict with Iran by registering 53.1 on the composite PMI. That figure topped expectations in a Reuters poll for a dip to 51.7. It signals robust momentum heading into the fourth quarter despite persistent geopolitical friction.
