The Eurozone Purchasing Managers' survey indicated contraction in the private sector output for the tenth time in the past 11 months.
The final composite output index rose to 46.5 from 46.4 in June, Markit Economics said Friday. According to flash estimate, the index remained unchanged at 46.4.
At the same time, the services PMI improved more than initially estimated to 47.9 from 47.1 in June. The flash reading was 47.6.
Manufacturers and service providers both reported lower levels of output in July. The downturn in output reflected falling demand for goods and services.
Employment fell for the seventh month running. The rate of input cost inflation eased to a 32-month low in July, while the decrease in average output charges was the sharpest for almost two-and-a-half years.
"The final PMI data for July confirm the message from the earlier flash estimate that the Eurozone continued to contract at a quarterly rate of approximately 0.6% in July, suggesting the region looks set for a second consecutive quarterly decline," Chris Williamson, chief economist at Markit said.
by RTT Staff Writer
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