Surprise uptick in Eurozone activity bolsters case for ECB to hold rates
Flash PMI reading rose in August for eighth month in a row as trade uncertainty peters out
Flash PMI reading rose in August for eighth month in a row as trade uncertainty peters out

A surge in long-term interest rates and economic optimism has lifted the region’s lenders

Figure was above expectations despite lower energy prices and stronger euro

Analysts polled by Reuters had expected zero growth between April and June

Softer price pressures in large Eurozone economies strengthen case for ECB to hold interest rates

Better than expected performance comes after French output grows at fastest pace since 2023

Bloc’s performance in the face of geopolitical and trade tensions has surprised policymakers