Euro Zone Business Growth Holds Steady in August
Euro zone business growth held steady in August as solid domestic demand kept overall private sector activity on an even keel. The composite PMI came in at 52.0, pointing to a solid third quarter.
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Euro zone private sector activity held steady in Thursday morning trade as the composite PMI printed at 52.0, matching growth expectations. The reading remains close to the long-run average of 52.3, driven by solid demand across the bloc. Investors are weighing whether the resilient economic pace will prompt a policy tightening at upcoming central bank meetings.
