A closely watched survey shows that the eurozone economy picked up steam at the end of the third quarter, reinforcing hopes about the pace of the single currency bloc's recovery.
In a monthly survey, financial information company IHS Markit says that its main gauge of business activity struck a four-month high in September. Its so-called purchasing managers' index, which surveys activity in both the manufacturing and services sectors, rose to 56.7 points in September from 55.7 the month before. Anything above 50 indicates expansion.
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Chris Williamson, the firm's chief business economist, said the survey suggests that the eurozone is poised for "impressive" quarterly third-quarter growth of 0.7 percent, with the economy "energized" by inflows of new orders growing at a 6-year high rate and expectations of future growth.