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Eurozone private sector growth hits 11-month high
Eurozone private sector growth hits 11-month high

Eurozone private sector growth hits 11-month high

The Hamburg Commercial Bank (HCOB) Eurozone Composite PMI rose to 51 in July from the previous 50.6, marking the strongest expansion in private sector activity across the euro area in nearly a year and surpassing market expectations of a 50.8. Growth was primarily driven by stronger performance in the service sector and a near stabilisation in manufacturing,