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Eurozone factory activity expands for first time in two years

  • Eurozone manufacturing PMI climbed to two-year high of 50.3 in July (flash 50.1) from 48.8 in June, entering expansion territory for the first time since July 2011.
  • PMIs rose in all nations except Spain, helped by rising export demand and stabilising domestic markets.
  • The reading will hopefully "help the euro area exit recession," Markit says. (PR)
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