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Eurozone business activity near stagnation in July

World News

2024-07-24 | 03:23

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Eurozone business activity near stagnation in July

Business activity in the eurozone slowed further in July, signaling a "near-stagnation" as the economy is weighed down by weakness in the manufacturing sector, a key survey showed on Wednesday.

The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global recorded a figure of 50.1, down from 50.9 in June and its lowest level in five months. Any reading above 50 indicates growth, while a figure below 50 shows contraction.

AFP

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