European S&P Global Manufacturing PMI Final (Sep) 52.9 vs. Exp. 52.7 (Prev. 52.7)

"The upturn is being driven by rising demand for investment goods such as machinery and equipment, with output of these capital goods growing in September at a rate not seen since the post-COVID rebound five years ago." "Demand for consumer goods continues to fall, however, with the increased cost of living acting as a drag on household spending." "It’s therefore worrying to see both input costs and selling prices rising at increased rates again in September, which will fuel speculation about additional rate hikes from the ECB."