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flag Eurozone business activity hits 11-month high in July, driven by services and manufacturing gains.

flag Business activity in the Eurozone accelerated to an 11-month high in July, as measured by the Flash Composite PMI, which rose to 51.0 from 50.6 in June. flag This growth was driven by improvements in both the services sector, which saw its PMI rise to 51.2, and manufacturing, which slightly improved to 49.8. flag Despite these gains, new orders stabilized without expanding further, and employment increased moderately. flag Input cost inflation eased, but business sentiment dipped slightly.

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