The Economic Times

Eurozone business growth hits over 3-1/2-year high despite inflation worries, PMI shows

Eurozone business activity experienced significant growth in September due to strong demand despite inflation concerns. The S&P Global Eurozone Services PMI and composite index reflected this growth, reaching high levels not seen in several months. Strong performance was observed in Spain and Ireland, along with an accelerated recovery in Germany. Inflation pressures increased, raising speculation on potential European Central Bank interest rate hikes.