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Eurozone's composite PMI up in July

Eurozone's composite PMI up in July
The eurozone remains on a steady growth path (Photo Credit: Arabianeye-Reuters)

Mubasher: Eurozone's composite Purchasing Managers' Index (PMI) touched a seven-month high, rising to 53.3 points in July from 53.2 points in June.

The services-sector index increased to 53.1 points from 52.9 points, hitting a three-month high.

The eurozone remains on a steady growth path in the third quarter, while confidence in the services sector weakened.