Withstanding the impact of U.S. tariffs, the Eurozone PMI expands at the fastest pace in 15 months.

According to the Zhitong Financial APP, despite being affected by US tariffs, the private sector in the Eurozone is expanding at the fastest pace in 15 months, with the manufacturing sector breaking free from a three-year slump. The composite Purchasing Managers' Index (PMI) compiled by S&P Global rose from 50.9 in July to 51.1 in August, further exceeding the 50 threshold. Analysts had previously predicted a reading of 50.6.