The euro area private sector contracted for the second straight month as the service sector joined manufacturing in recording output fall in August, final data from S&P Global showed on Monday.
The final composite output index fell to an 18-month low of 48.9 in August from 49.9 in the previous month. The flash score was 49.2.
A reading below 50.0 indicates contraction. Although still only moderate, the rate of decline signaled in the survey was more pronounced than that seen at the start of the third quarter.
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by Renju Jaya
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