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Eurozone economy stalls in June as services growth wanes and factory production falls
The eurozone economy ground to a halt at the end of the second quarter, ending a robust sequence of services-led growth seen since the beginning of the year. While services business activity growth continued, it slowed to a five-month low in June. Nevertheless, gains in output in the dominant services economy were counteracted by a sharp and accelerated decrease in factory production volumes during June. Weighing on performances was a weakening of demand, with an especially-steep drop in new orders at manufacturers. Private sector employment continued to rise, albeit with job creation confined to the service sector ... (full story)