The euro area private sector recovery suffered a setback in June as business activity and employment growth softened due to weak orders, preliminary results from the purchasing managers' survey by S&P Global showed on Friday.
The flash HCOB composite output index fell unexpectedly to 50.8 in June from 52.2 in May. The score was below forecast of 52.5. Nonetheless, a reading above 50.0 indicates expansion.
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by Renju Jaya
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