8/23/2021, 10:00 AM (Source: TeleTrader)
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Euro area business activity expands more slowly in August

The Eurozone's private sector business activity continued to improve in August, albeit at a slightly slower pace compared to the previous month, according to the IHS Markit's release on Monday.

The Flash Eurozone PMI Composite Output Index fell to 59.5, while Flash Services PMI Activity Index slid to 59.7. The Flash Manufacturing PMI Output Index dropped to 59.2 and Flash Manufacturing PMI to 61.5.

"The eurozone’s economic recovery retained impressive momentum in August, with the PMI dipping only slightly from July’s recent high to put its average in the third quarter so far at the highest for 21 years," Chief Business Economist Chris Williamson stated.

Baha Breaking the News (BBN) / MD