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22nd Sep 2025 17:18EurozoneDaily Monitor
  • The EZ composite PMI rose further in September, but the details were weaker than the headline. 
  • The outlook for services is improving, but new orders in manufacturing warn of a Q4 slowdown in output. 
  • ECB doves will need a clearer sign of weakness in the PMIs to push their case for a Q4 insurance cut.

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Keywords for: 24 September 2025 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence