Markit: Shrinking Eurozone's service industry

Note: This section contains information in English only.
Source: BBC
According to surveys of Markit, services sector of the Eurozone continued to diminish in June while business confidence dropped. The situation adds pressure on ECB to reduce Eurozone's borrowing costs. Moreover, in the last six months the companies providing services cut their workforce due to the lower demand and increased expenditures. In June the composite index of the service and manufacturing industry of the Eurozone was 46.4.
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