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Eurozone manufacturing expands solidly despite Greek slump
The eurozone manufacturing sector continued to expand at a solid steady pace at the start of the third quarter, as continued growth in the Netherlands, Italy, Spain, Austria and Germany offset the deepest contraction of the Greek manufacturing sector in the survey history. At 52.4 in July, above the earlier flash estimate of 52.2, the final seasonally adjusted Eurozone Manufacturing PMI® held close to June’s 14-month high. The PMI has remained in expansion territory since July 2013. The growth rate of eurozone manufacturing output matched that registered in June, which was itself in line with March’s ten-month ... (full story)
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