LONDON: Euro zone business activity returned to growth in July for the first time in four months, driven by a rebound in new orders, even as high inflation and renewed conflict in the Middle East clouded the outlook, a survey showed on Friday.
The S&P Global Flash Euro zone Composite PMI Output Index rose to 51.9 in July from June's 50.0, its highest reading in five months and far above an expectation in a Reuters poll for a modest rise to 50.3.
