Eurozone August composite PMI falls to 50.7 (51.1 flash reading) from 51.1 in July as the...

|By:, SA News Editor

Eurozone August composite PMI falls to 50.7 (51.1 flash reading) from 51.1 in July as the expansion in private-sector activity drops to its lowest level in two years. Services PMI 51.5 (51.5 flash reading) vs. 51.6. "The PMI suggests that economic growth in the third quarter is unlikely to improve...and a contraction in the final quarter looks a distinct possibility," says Markit. (PR .pdf)