Eurozone and India business activity picks up in September

  • Eurozone and India business activity increased in September, surveys released Wednesday showed.
  • Global economic growth slowed only slightly in the second quarter.
  • The U.S.-Iran conflict triggered higher energy costs affecting the global economy.

Business activity in the eurozone and India strengthened in September, surveys released Wednesday showed, suggesting resilience in important parts of the global economy. The improvement came as high energy prices, driven by the conflict between the U.S. and Iran, weighed on activity worldwide. Despite those costs, the global economy slowed only slightly in the second quarter.

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