Economics
Euro-Area Businesses Show Warning Signs Amid Solid Growth
- Composite PMI rises to 54.5 from 54.3, IHS Markit says
- Expectations gauge drops to lowest level in almost two years
Economic Growth Rates `Quite Abysmal' in EU, EIB's Stubb Says, Sept. 3
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Euro-area businesses are starting to feel the heat from recently intensified trade tensions even as economic growth remains solid for now.
IHS Markit’s Purchasing Manager’s Index for manufacturing and services rose to 54.5 in August from 54.3 in July, marginally exceeding a prior flash estimate. The increase masks concern over business prospects, with expectations dropping to their lowest in 23 months.