India, Sept. 3 -- The euro area private sector expanded at the fastest pace in a year in August but the overall rate was sluggish as the service sector held back growth, final survey data from S&P Global showed on Wednesday.
The HCOB composite output index rose to 51.0 in August from 50.9 in July. The score was slightly below the initial estimate of 51.1.
Growth was held back by the service sector, which logged a slight and slower upturn, while manufacturing registered its strongest increase in output in almost three-and-a-half years.
The services Purchasing Managers' Index dropped to a four-month high of 50.5 from 51.0 in July. The flash score was 50.7.
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