Eurozone's composite PMI drops to 49.6 in Sept: data

The Eurozone's composite purchasing managers' index (PMI) dropped to 49.6 in September from August's 51.0, according to data released by S and P Global and Hamburg Commercial Bank on Thursday.

The HCOB's composite PMI for the bloc, compiled by S and P Global, is seen as a gauge of overall economic health in the Euro area.

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Eurozone's composite PMI drops to 49.6 in Sept: data

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Eurozone's composite PMI drops to 49.6 in Sept: data

A reading above 50 indicates an overall expansion compared to the previous month, and below 50 an overall contraction.

Europe's economic recovery is facing headwinds, noted European Central Bank (ECB) President Christine Lagarde at a hearing on Monday.

The latest forecast from the ECB predicted that the Eurozone economy will grow by 0.8 percent in 2024 and rise to 1.3 percent in 2025.

China Media Group (CMG), the country's flagship broadcaster, unveiled its 2026 flagship drama lineup in Beijing on Friday.

CMG will broadcast 55 major TV series and three short dramas ranging from historical epics to contemporary storylines that reflect everyday life, social change, and the spirit of the times.

The new lineup will align natural narrative and creative innovation with the country's 15th Five-Year Plan (2026-2030), continuously amplify the voice of mainstream values, and continue promoting the deep integration of film and television with cultural tourism, according to CMG.