India, July 24 -- The euro area private sector grew at the fastest pace in almost a year in July as the recession in the manufacturing sector is coming to an end, flash survey results from S&P Global revealed Thursday.
The HCOB composite output index posted 51.0 in July, up from 50.6 in the previous month. A score above 50.0 signals expansion. The score was forecast to climb to 50.8.
The score suggested a seventh consecutive monthly increase and signaled the fastest growth since August last year.
Output across the manufacturing and services sectors expanded in July. For the first time in four months, the services category posted the stronger pace of growth, while manufacturing output grew only marginally.
The services Purchasing Manager...