Manufacturing malaise drags down euro area as investor gloom grows
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...