The Euro zone’s economy is roaring back, with manufacturing leading the charge and exports rebounding after a long drought. Business activity surged in August at its fastest pace all year, fueled by a flood of new orders and renewed hiring across both manufacturing and services. Even as inflation remains stubbornly high, input costs are cooling and prices charged to customers are at a five-month low — giving policymakers some breathing room. But don’t expect relief anytime soon: economists warn the ECB will likely keep rates climbing, balancing strong growth with persistent price pressures.
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