The euro area economy recorded another marked expansion in business activity during August, with momentum only fading slightly from July’s 15-year peak. Jobs growth continued and was at one of the fastest rates seen in over two decades, as firms swiftly acted to boost operating capacities amid strong demand for goods and services. After accounting for seasonal factors, the IHS Markit Eurozone PMI® Composite Output Index signalled another considerable month-on-month expansion in business activity during August. At 59.0, the headline figure was below 60.2 seen in July (which was the highest since June 2006), but still ... (full story)