‘Still on a growth path’: Eurozone business activity rises to 16-month high

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Eurozone business activity rose to its highest level in more than a year in September, despite persistent economic weakness in France and slowing demand in Germany’s flagship manufacturing sector, a survey published on Tuesday showed. The eurozone’s provisional composite Purchasing Managers’ Index (PMI), which measures overall activity in services and manufacturing across the 20-country single currency area, increased from 51.0 to 51.2 between August and September this year – a 16-month high that pushed the index further above the 50-point mark separating growth from contraction. “The eurozone is still on a growth path,” said Cyrus de la Rubia, chief economist...