Eurozone July flash services PMI 51.9 vs 53.0 expected ...Middle East

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Prior 52.8Manufacturing PMI 45.6 vs 46.1 expectedPrior 45.8Composite PMI 50.1 vs 51.1 expectedPrior 50.9The growth in the Eurozone economy has stalled in July, with services activity growing at a slower pace and manufacturing conditions continuing to dawdle. The former reading is a 4-month lower while the latter reading is a 7-month low. That suggests weaker economic sentiment in the euro area to kick start the second half of the year.On the inflation front, input prices rose sharply to a 3-month high while output prices also increased but at a slightly softer pace. Meanwhile, cost prices continued to tick higher with selling prices also increasing particularly in the services sector. HCOB n

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