Eurozone Private Sector Expands Most In 8 Months
The euro area private sector expanded the most in eight months in July as output and new business rose for the first time since the start of the year, final purchasing managers’ survey data from S&P Global showed Wednesday.
The final composite output index posted 52.0 in July, up from 50.0 in the previous month. The flash reading was 51.9.
July’s overall expansion was broad-based, with services output growth combining with a sustained uplift in manufacturing production.
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