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Output increased "marginally" outside of Germany and France

EUROZONE DATA

Inflationary pressures continued to ease, while the suervey noted that output continued to "marginally" increase outside of Germany and France.

  • "Rates of inflation at businesses slowed again over the month. Input costs increased at the softest pace in close to a year, while output charge inflation was the weakest in the year-to-date. Softer inflationary pressures were recorded across both the manufacturing and service sectors."
  • "Although improving slightly from July, confidence in the year-ahead outlook for activity remained relatively muted amid worries of an economic downturn. Sentiment was the second-lowest since the initial wave of the COVID-19 pandemic."
  • "The overall reduction in business activity in the euro area was mainly centred on the largest national economies... Outside of the ‘big-two’, output continued to increase, albeit only marginally"

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