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Eurozone business activity rose for the first time in 4 months, according to an S&P Global survey released on Friday.
The eurozone private sector returned to growth in July, it said, adding that data from its Purchasing Managers’ Index (PMI) had risen from 50.0 to 51.9 this month.
A PMI below 50 indicates that the manufacturing sector is in contraction.
S&P Global said that despite inflationary pressures easing (but remaining pronounced), a “higher output reflected a renewed increase in new orders, with staffing levels also up accordingly.”
Economies in France and Germany have been hit amid the war in the Middle East….
The eurozone private sector returned to growth in July, it said, adding that data from its Purchasing Managers’ Index (PMI) had risen from 50.0 to 51.9 this month.
A PMI below 50 indicates that the manufacturing sector is in contraction.
S&P Global said that despite inflationary pressures easing (but remaining pronounced), a “higher output reflected a renewed increase in new orders, with staffing levels also up accordingly.”
Economies in France and Germany have been hit amid the war in the Middle East….
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