From today’s news:
Eurozone business activity accelerated at its fastest pace in more than four years last month, as output growth increased in both the manufacturing and services sectors. Markit’s final August Composite PMI beat an earlier estimate of 54.1, settling at 54.3 - its highest level since May 2011. While the upbeat surveys provide some welcome news for the European Central Bank, they still only point to modest third-quarter GDP growth.
Activity in Japan’s services sector expanded at the quickest rate in almost two years in August, despite persistent signs of frailty in Asia’s second largest economy. The Markit/Nikkei Japan Services PMI rose to a seasonally adjusted 53.7 from 51.2 in July to reach its highest point since October 2013. The positive services sector reading follows several disappointing figures of Japanese industrial production and household spending.