India, Aug. 1 -- The euro area manufacturing activity registered a broad stabilization in July as output continued to increase despite a fresh fall in new orders, purchasing managers' survey compiled by S&P Global showed on Friday.
The HCOB final manufacturing Purchasing Managers' Index rose to a three-year high of 49.8 in July from 49.5 in June. The score matched the flash estimate.
That said, the score suggested a near-stabilization of operating conditions across the manufacturing sector.
"Manufacturing in the eurozone is cautiously regaining momentum," Hamburg Commercial Bank Chief Economist Cyrus de la Rubia said.
"With the newly agreed trade framework between the EU and the U.S., uncertainty should decline, and the signs point to a...