Eurozone Services PMI Rises, Inflation Jumps to 3.8%
1 report, 1 independent
Updated Oct 5
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
S&P Global Market Intelligence reported that inflation in the bloc increased to 3.8% last month, up from 3.2% in August, driven by soaring energy costs. The Eurozone Services PMI rose to 53.0 in September from 51.6 in August, while the composite index increased to 53.1. This collective signal suggests GDP is growing at a 0.4% quarterly rate.
From news.tuoitre.vn
Why it matters
The data supports expectations that the European Central Bank may raise interest rates to a higher-than-expected level. The collective signal from the PMI surveys indicates accelerating momentum as the bloc heads into the fourth quarter.
From news.tuoitre.vn
Who's involved
- S&P Global Market IntelligenceProvider of economic data for the bloc
Keep exploring
The entities involved
-
S&P Global Market Intelligence
business unit of S&P Global
Related events
- S&P Global Ratings, S&P Global, and S&P Global Market Intelligence are integrated into the larger corporate structure and provide data and analytics for index development.
- S&P Global Market Intelligence released data detailing the debt and cash position of PIK.
- S&P Global Market Intelligence released data showing a contraction in the services sector of Brazil.