<\/p>\n\n\n\n
The eurozone economy extended its modest expansion in August, with the HCOB Eurozone Composite Purchasing Managers\u2019 Index (PMI)<\/strong> inching up to 51.0<\/strong> from 50.9 in July<\/strong>, according to S&P Global data released Wednesday.<\/p>\n\n\n\n The August figure marked the highest level in a year<\/strong>, though it still reflected only marginal growth<\/strong>. The PMI remains barely above the 50.0 threshold<\/strong>, which separates expansion from contraction, signaling that the region is far from a robust recovery.<\/p>\n\n\n\n The report noted a slowdown in services sector activity<\/strong>, which had been the main driver of growth earlier this year. However, this was offset by an improvement in manufacturing output<\/strong>, which helped keep the overall index in positive territory.<\/p>\n\n\n\n Encouragingly, the survey highlighted a pickup in new orders<\/strong>, the first increase in over a year. This suggests potential support for future economic activity<\/strong>, particularly if manufacturing momentum continues and consumer demand stabilizes.<\/p>\n\n\n\n While the data points to fragile but ongoing expansion, analysts caution that risks remain, particularly from geopolitical uncertainty, U.S. tariffs, and domestic inflation concerns<\/strong>. The European Central Bank, which recently paused its rate-cutting cycle at 2%, may take comfort from signs that inflation pressures in services are easing<\/strong>\u2014but sluggish growth could keep the debate alive over whether additional easing will be needed later in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":" The eurozone economy extended its modest expansion in August, with the HCOB Eurozone Composite Purchasing Managers\u2019 Index (PMI) inching up to 51.0 from 50.9 in July, according to S&P Global data released Wednesday. PMI at 12-Month High, But Growth Still Weak The August figure marked the highest level in a year, though it still reflected …<\/p>\n","protected":false},"author":9,"featured_media":71676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[],"class_list":["post-118394","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118394"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118394\/revisions"}],"predecessor-version":[{"id":118395,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118394\/revisions\/118395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71676"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}PMI at 12-Month High, But Growth Still Weak<\/h3>\n\n\n\n
Services Slow, Manufacturing Shows Resilience<\/h3>\n\n\n\n
New Orders Rise for the First Time Since May 2024<\/h3>\n\n\n\n
Outlook<\/h3>\n\n\n\n