Economic Buzz: Eurozone Private Sector Growth Slows In July

Euro area private sector growth slowed in July, data from IHS Markit showed Friday. The composite output index fell to 54.3 in July, in line with flash estimate, from 54.9 in June. The slowdown was mainly centered on the service sector, where growth eased from Junes four-month high. The services Purchasing Managers Index dropped to 54.2 from 55.2 in June. The flash score was 54.4.