-- The rebound in euro-area private-sector business activity unexpectedly lost momentum as the outcome of France’s snap election weighs on firms and manufacturing in the region recorded its worst month of the year.CDK Tells Car Dealers Their Systems Will Likely Be Down for DaysS&P Global’s composite Purchasing Managers’ Index fell to 50.8 in June. While that’s a fourth straight reading above the 50 threshold that signals growth, analysts polled by Bloomberg had predicted an advance to 52.5.
A key challenge is manufacturing, with the figures from S&P dashing hopes that struggling factories are finding their feet. German industry continues to be a weak spot, with the decline there reversing some of May’s improvement. France saw a similar trend, though its malaise isn’t quite as bad.“The services sector continues to keep the euro zone afloat,” de la Rubia said.
“We do have plenty of challenges, but I really believe that we are now heading toward a disinflationary path that will have its little hiccups here and there — what we call bumps on the road,” she said last week. Melodia Therapeutics and Alivexis Sign Exclusive License Agreement for Cathepsin C Inhibitor Program MOD-A
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