The economic slowdown in the eurozone continued in August, with business activity weakening across both the manufacturing and services sectors. This decline reflects a broader downturn in the bloc’s economy, with several countries experiencing a contraction in their economic output.
The manufacturing sector, which has been struggling due to global trade tensions and a slowdown in demand, saw a further decline in activity. The services sector, which had been more resilient in the face of economic headwinds, also showed signs of weakness. These developments highlight the challenges faced by businesses in the eurozone, as they grapple with ongoing uncertainty and a subdued economic environment.
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Keyphrase: Eurozone business activity and economic downturn continue in August
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