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Flash PMI: Eurozone Private Sector Downturn Eases in June

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The euro area's private sector activity downturn eased in June amid a softer decline in services activity and a modest growth in manufacturing production.

The seasonally adjusted S&P Global Flash Eurozone Composite PMI Output Index hit a three-month high of 49.5, higher than the previous 48.5 and expected 49.1, flash data from S&P Global showed Tuesday.

Meanwhile, the services PMI reached a three-month high of 48.9, compared with the earlier reading of 47.7 and the Investing.com market forecast of 48.6. On the manufacturing side, the PMI edged down to a four-month low of 51.3, against the prior and consensus estimate of 51.6.

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