Economics
Euro-Area Services, Manufacturing Contract for Sixth Month
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Euro-area services and manufacturing output contracted for a sixth month in July, adding to signs the economy is edging toward a recession.
A composite index based on a survey of purchasing managers in both industries rose to 46.5 from 46.4 in June, London-based Markit Economics said in a final report today. Markit had initially reported a reading of 46.4 for July. A reading below 50 indicates contraction.