The eurozone’s economic recovery suffered a setback at the end of the second quarter of the year, according to provisional PMI® survey data. New orders decreased for the first time in four months, feeding through to softer expansions in business activity and employment. Meanwhile, business confidence dipped to the lowest since February. Rates of input cost and output price inflation eased to six- and eight-month lows respectively. The slowdown in growth of business activity seen in June was reflective of a softer expansion in the service sector and a more pronounced decrease in manufacturing production, which fell to ... (full story)