Eurozone industrial activity rises in August

Data released by Markit today showed that the manufacturing purchasing managers' index in the 19 member states of the euro area rose to 61.4 points in August from 62.8 points in July, lower than the previous estimate of 61.5 points in August. The index that measures production that feeds the composite PMI fell to 59.0 points in August from 61.1 points in July, and the input price index rose to 87.0 points in August from 89.2 points in July.

Inflation in the euro area rose to a 10-year high in August to exceed the European Central Bank's 2% target as inflation in 19 eurozone member states rose 3.0% in August.