Forex
Eurozone business activity falls for second month in a row in August
The composite purchasing managers’ index (PMI) for 19 eurozone countries fell below the 50-point mark, separating growth in eurozone business activity from decline, for the second month in a row in August.
The indicator fell to 49.2 points from 49.9 points in July, according to preliminary data from research organization S&P Global. The index was higher than market expectations by 49 points, according to Trading Economics.
Earlier we reported that the weak euro is “tearing” the EU economy.
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