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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Eurozone services growth slows in August, but private sector remains steady

Euro eurozone United States European Central Bank Inflation

Growth in the eurozone's dominant services sector eased to a two-month low in August, although resilient and broad-based demand helped keep overall private-sector activity stable, a survey showed on Thursday.

The S&P Global Eurozone Services Purchasing Managers' Index (PMI) slipped to 51.6 in August from 51.7 in July, coming in slightly below the preliminary estimate of 51.7.

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