The expansion speed of the private sector in the Eurozone has reached its fastest in 16 months, with differing performances among member countries.

The expansion of the private sector in the Eurozone reached its fastest pace in 16 months, as strong performance in the German service sector offset the decline in France. The composite Purchasing Managers' Index (PMI) compiled by S&P Global rose from 51 in August to 51.2 in September, surpassing the critical 50-point threshold that distinguishes economic expansion from contraction. Analysts had previously predicted that the index would remain stable. The report revealed a divergence in economic performance among Eurozone countries. France is facing difficulties due to the government's resignation and continued obstruction of budget cut plans. In contrast, Germany's service sector is experiencing its strongest growth so far this year.