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Eurozone recovery slows down in August

THE RATE OF RECOVERY in the eurozone lost some of its momentum this month, according to the purchasing managers’ index (PMI). The index surveyed 4,500 companies across the eurozone to gauge the pace of recovery. The rate fell from 56.7 points to 56.1 points in August, after accelerating for the first time in three months in July. Anything above 50 points indicates growth.

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