Eurozone service sector recovery led by France and Germany in August; Activity rose in Italy and Ireland but Spain fell back into contraction

by admin on September 4, 2010

Eurozone Service Sector: At 55.9 in August, up slightly from 55.8 in July, the Final Markit Eurozone Services Business Activity Index rose to a three-month high and was above the earlier flash estimate of 55.6. Business activity has now increased throughout the past year.

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  3. Slowest expansion of Eurozone services for 6 months; Dips in Spain and Ireland; Robust growth in France and Germany
  4. Eurozone Manufacturing PMI at highest level since August 2007; Germany accelerated while Spain, Ireland and Greece fell
  5. France and Germany drive faster expansion of Eurozone services in July; Offsetting muted growth in Spain and fall in Italy

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