The latest report by IHS Markit revealed on Thursday the seasonally adjusted final Eurozone Manufacturing PMI stood at 53.7, unchanged on the earlier flash reading and up from 51.7 in August. This was the highest reading since August 2018 and signaled an acceleration in growth of the manufacturing economy during September.

Economists had forecast the index to stay unrevised at 53.7.

According to the report, production growth accelerated to its strongest in over two-and-a-half years, while new orders increased at the quickest pace since February 2018 and the drop in employment was the weakest since February.

Germany led the upswing in regional manufacturing activity, with the respective PMI here hitting its highest level for 26 months. The Italian manufacturing sector also recorded its strongest growth rate for over two years.