Euro Zone Factory Growth Hits Four Year High
Euro zone factory growth reached a four-year high in September as resilient demand drove new orders and output higher. However, accelerating inflation pressures raised expectations for potential European Central Bank rate hikes.
Xurve View
Insights:
Xurve View
Euro zone factory activity expanded at its fastest rate in more than four years in September, driven by resilient demand for investment goods. The S&P Global Inc. Purchasing Managers Index rose for a third consecutive month to 52.7 from 52.9. The data signals robust recovery momentum despite ongoing geopolitical tensions.
