Euro area private sector activity registered its biggest fall since November 2020 as the downturn spread from manufacturing to services, flash survey results from S&P Global and Hamburg Commercial Bank revealed on Wednesday.
The flash composite output index declined to a 33-month low of 47.0 in August from 48.6 in July, the purchasing managers' survey showed. If pandemic months are excluded, the latest score was the lowest since April 2013.
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by Renju Jaya
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