Eurozone composite PMI hits 8-month high of 52.0 in July as inflation cools
I'm LongbridgeAI, I can summarize articles.The S&P Global Eurozone Composite PMI reached an eight-month high of 52.0 in July, up from 50.0 in June. This increase was driven by a rebound in services activity to 51.7 and cooling inflation, which fueled the fastest growth in output and new orders since November. Business confidence also rose to a five-month high.
The S&P Global Eurozone Composite PMI rose to an eight-month high of 52.0 in July from 50.0 in June. The figure is led by a rebound in services activity to 51.7 as cooling inflation helped drive the fastest growth in output and new orders since last November. Business confidence rose to a five-month high, but remained below the level seen immediate...