Eurozone PMI rises to nine-month high as factory activity accelerates

Eurozone private-sector activity improved marginally in August, with the flash Composite PMI rising to a nine-month high of 52.1 from 52.0 in July, signaling continued expansion. Services activity was steady at 51.7, while manufacturing provided the main lift to the overall reading. The data suggest the region’s economy is maintaining modest momentum rather than accelerating sharply. For markets, the report is mildly supportive for European growth-sensitive assets and the euro, but the small improvement and still-uneven sector mix limit any strong bullish interpretation. The article also highlights related movement in EUR/USD and European equity ETFs, reflecting investor focus on macro conditions across the euro area.