Economic activity in the Eurozone rose to an eight-month high in July, driven by a recovery in the services sector

According to Jinshi reports, the survey shows that business activity in the Eurozone rose to its highest level in eight months in July, driven by a recovery in the services sector and ongoing improvements in manufacturing.

The S&P Global Eurozone Composite PMI rose to 52 in July, above the neutral level of 50 in June, marking the first time this index has entered the expansion zone since March.

The Eurozone Services PMI rose to 51.7 in July, reaching a five-month high, up from 49.4 in June.