×

Eurozone Business Activity Growth Hits 16-Month High

The resignation of Francois Bayrou this month as premier threw France into fresh political turmoil, as President Emmanuel Macron faces rising public anger.

By Channels Television
Updated September 23, 2025
Twitter
A euro currency sign is pictured inside the headquarters building of the European Central Bank (ECB) as a person walks by ahead of a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on June 6, 2024. – The European Central Bank is expected to start cutting interest rates from record highs, its first reduction in nearly five years, but volatile inflation means the path ahead is uncertain. (Photo by Kirill KUDRYAVTSEV / AFP)

 

Business activity in the eurozone rose in September, with the pace of expansion hitting a 16-month high, a key survey showed on Tuesday.

S&P Global’s purchasing managers’ index (PMI) — a key gauge of the overall health of the economy — registered a figure of 51.2 this month, up from 51 in August. It is the ninth consecutive month of increases, S&P said in a statement.

Any reading above 50 indicates growth, while a figure below 50 shows contraction.

“The eurozone is still on a growth path,” said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. “That said, we’re still a long way from seeing any real momentum.”

Europe’s biggest economy, Germany, was a key driver of growth this month, the survey found, posting a solid increase in output.

The situation, however, appeared more bleak in France, where activity decreased for the thirteenth consecutive month, the survey found.

“The outlook for manufacturing is looking a bit cloudy. Production is still growing, but the pace is being dragged down by France, where the government shake-up in early September likely threw a wrench into companies’ production plans,” de la Rubia said.

 

READ ALSO: High-Profiled Corrupt Nigerians Not Exempted From Visa Ban — US

The resignation of Francois Bayrou this month as premier threw France into fresh political turmoil, as President Emmanuel Macron faces rising public anger.

There was continued increasing output in the rest of the single currency area, albeit the survey found the rate of expansion moderated.

 

 

AFP

More Stories