Adding to recession risks, the euro area manufacturing sector contracted in July as production logged the sharpest fall since the initial wave of the COVID-19 lockdowns in early 2020, final data from S&P Global showed on Monday.
The final manufacturing Purchasing Managers' Index fell to a 25-month low of 49.8 in July from 52.1 in June. The flash reading was 49.6.
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by Renju Jaya
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