Eurozone Services PMI Marginally Declines to 51.6 in August
The S&P Global Eurozone Services PMI Business Activity Index fell slightly to 51.6 in August from 51.7 the previous month, coming in below market expectations of 52.1. Despite this minor decline, the services sector remains above the growth threshold of 50, indicating continued expansion albeit at a slower pace. The S&P Global Eurozone Composite PMI Output Index remained stable at 52.0 for the second consecutive month, maintaining its eight-month high and suggesting sustained economic activity across both manufacturing and service sectors in the region.
Topics: business activity Eurozone PMI services sector