The eurozone economy lost some momentum in August but is still on track for solid growth in the 3rd quarter of this year. The latest business activity data come as many consumers in the region enjoy the lifting of Covid-related restrictions, which has boosted the economic recovery in the wake of the pandemic. Growth estimates last month showed that the euro area had bounced back from a technical recession (defined as 2 consecutive quarters of economic contraction) by growing by 2% in the 2nd quarter of this year. These data releases are essential as the European Central Bank is due to meet next month, and some of its members are pushing for talks on reducing some of the ongoing stimulus. There are, however, some concerns about supply chain issues and higher inflation.