LONDON - Growth in euro zone business activity stalled this month as a tepid expansion in the bloc's dominant services industry failed to offset a deeper downturn among manufacturers, a survey showed on Wednesday.
Expectations about the coming year waned again, suggesting business managers do not expect an imminent turnaround. The composite future output index registered a six-month low of 60.0 compared to June's 60.8. Services firms faced a steeper increase in input costs this month but raised their prices charged at a shallower rate. The output prices index eased to 53.2 from 53.5.
The manufacturing PMI dipped to a seven-month low of 45.6 from June's 45.8. An index measuring output dropped to 45.3 from 46.1.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: