FrankfurtEuro zone business activity index hit 53.1, a 3½-year high.

Inflation jumped to 3.8% in September from 3.2% in August on soaring energy costs.

The private survey shows new orders growing fastest in 41 months and prices rising fastest in four.

Employment growth weakened as services firms slowed hiring, the survey showed.

The European Central Bank decides on 29 October, and markets price more than two hikes by mid-2027.

How each outlet framed it
Reuters
attributes Euro zone growth surge to AI investment specifically in IT services

Sources: Reuters