According to Jinshi Data, the eurozone industry rebounded in August, with industrial output increasing by 1.8% month-on-month, higher than the expected 1.6%. This is the fourth time that output has increased since the beginning of 2024. Industrial output in Germany and France both achieved solid growth, but overall output is still below 2021 levels.

European Central Bank policymakers are poised to cut interest rates again when they meet on Thursday to counter the economic woes.