Euro zone business growth slows in August

Note: This section contains information in English only.
Source: Investing.com
Growth in the Euro zone's private sector remained relatively steady in August, according to Markit economics. The headline composite PMI came in at 52.9 in the reported month, following July's 53.2 points and falling behind the 53.3 market forecast. Meanwhile, the services PMI registered 52.8 in August, down from July's 52.9 and below the 53.1 market forecast. 




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German services sector continues to expand in August

Services activity in the Euro zone's largest economy, Germany, expanded last month, a survey from Makit Economics revealed on Monday. The services PMI for Germany rose to 51.7 in August from July's 54.4, falling behind the 53.3 market forecast. Meanwhile, the composite PMI came in at 53.3 in the same month, following July's 55.3 and missing the 54.4 forecast.

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