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Manufacturing malaise drags down euro area as investor gloom grows

Aug 06, 2019 - City A.M.

GROWTH in the Eurozone economy softened in July as German output fell to a six-year low, a closely-watched survey showed yesterday.

The area's manufacturing sector continued to struggle but the services sector posted solid growth in July as employment grew and pay rose, highlighting a divide in the Eurozone economy.

The purchasing managers' index (PMI) composite output index, a gauge of the health of the overall economy from data provider IHS Markit, fell to 51.5 in July. This was do...