AI Data Insight
The latest Eurozone Q3 (August) flash composite PMI came in at 52.1, outperforming the previous 51.9 and market expectations of 51.7. Driven by German AI and defense orders, the manufacturing sector showed strong performance, with new export orders expanding for the first time in four and a half years. Although the economy demonstrated short-term resilience, attention must still be paid in the medium term to geopolitical disruptions to supply chains and the underlying concern of weak business confidence.