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Eurozone growth rose in September, led by services, but manufacturing declined, with inflation easing and rates held steady.
Eurozone business activity edged up to a 16-month high in September, with the composite PMI reaching 51.2, driven by strong services growth, though manufacturing contracted for the first time in a year.
Germany saw robust services expansion and overall growth, while France’s economy weakened, with both manufacturing and services declining at their fastest pace since April.
New orders stagnated, hiring slowed, and inflation pressures eased, but political uncertainty in France continues to weigh on growth prospects.
The European Central Bank held rates steady, with no immediate rate cuts expected.
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El crecimiento de la zona euro aumentó en septiembre, liderado por los servicios, pero la industria manufacturera disminuyó, con un descenso de la inflación y tasas que se mantuvieron estables.