Euro zone business activity returned to modest growth in July: PMI

  • 📰 Reuters
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Euro zone business activity returned to modest growth as some social restrictions ease

LONDON - Euro zone business activity returned to modest growth in July as some curbs imposed to stop the spread of the coronavirus were lifted, but the rebound in the bloc’s dominant service industry was not as sharp as expected, a survey showed.

Wednesday’s final Composite Purchasing Managers’ Index from IHS Markit, seen as a good indicator of economic health, bounced to 54.9 in July from June’s 48.5, ahead of the 54.8 flash estimate. It had been below the 50 level separating growth from contraction for four months. Overall demand increased and optimism improved but - likely of concern to policymakers - firms again cut headcount sharply. The employment index held below breakeven at 46.5, albeit better than June’s 43.2 reading.

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:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I Need a job.

Fuck Trump!!!! He is a thief stolen the TIKTOK from a chinese private company!!!!

United States United States Latest News, United States United States Headlines