Euro-Area Economy Sees Price Pressures Mount as New Orders Surge
- September composite PMI is near its highest level since 2011
- Price outlook is improving in the region, Markit says
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The euro-area economy picked up in September as services performed better than estimated and new orders rose at the fastest pace in more than six years.
A Purchasing Managers Index by IHS Markit, measuring activity in the private sector, climbed to 56.7 last month. That’s the strongest in four months and matched an initial reading on Sept. 22. A gauge of services increased to 55.8, beating the flash number of 55.6.