The Markit Euro zone PMI Composite output index rose above the 50.0no-change level in July for the first time since January 2012 , according to theflash estimate. The PMI rose for the fourth successive month, up from 48.7 inJune to 50.4. Manufacturers reported the largest monthly increase in outputsince June 2011, registering an expansion for the first time since February oflast year. Service sector activity meanwhile fell only marginally, recording thesmallest decline in the current 18- month sequence and showing signs of stabilizingafter the marked rates of decline seen earlier in the year. Services PMI rose to49.6, from 48.3 in the preceding month.
Source by Commodity Insights
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