October Ecb

• Recent Flash Purchasing Managers' Indices (PMIs), which measure economic activity, suggest the European Central Bank may raise interest rates in October. • France reported a September preliminary manufacturing PMI of 50.3, marking its second straight month of expansion. • A potential rate hike would increase borrowing costs for businesses and consumers across the Eurozone.

• Recent flash Purchasing Managers' Indices (PMIs), which measure economic activity, have made an interest rate hike by the European Central Bank in October a possibility. • France reported a September preliminary manufacturing PMI of 50.3, marking its second straight month of expansion. • This shift in economic data suggests the central bank may raise borrowing costs to manage growth and inflation across the eurozone.

• European Union petrol and diesel prices reached record highs this week according to the European Commission. • Petrol costs varied widely across the region, ranging from €1.34 per litre in Malta to €2.56 per litre in Denmark. • High refining margins, which are the costs of turning crude oil into fuel, are driving these prices up for consumers.