Eurozone business activity rises at faster pace, but new orders continue to fall

From pmi.spglobal.com

Business activity in the euro area’s private sector continued to expand modestly midway through the third quarter of the year, according to provisional PMI® survey data. Output growth actually picked up to a three-month high in August, hinting at stronger growth momentum. Other signals from the latest set of surveys were less positive, however. New orders continued to fall, while there was a broad stagnation of staffing levels across the currency bloc amid the lowest business sentiment in the year-to-date. Meanwhile, the rate of input cost inflation eased to an eight-month low, but companies raised their selling ... (full story)