Eurozone service sector improves in August led by rebound in Germany; Confidence rose to 28-month high
Sep 3rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Markit Eurozone Services Business Activity Index was 49.9 in August, up from 45.7 in July and above the earlier flash estimate of 49.5. After rising to the greatest extent in its history, the index moved to a level consistent with a broad stabilisation of activity levels. However, the index has now remained below the neutral mark of 50.0 for fifteen successive months, by far the most sustained period since the series began in July 1998. Confidence rose to 28-month high.