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Euro area economic growth softens to three-month low

From pmi.spglobal.com

The eurozone economy continued to grow at the end of the second quarter, although momentum was lost as the expansion cooled to a three-month low. Curbing the rise in activity levels was a softening of demand, as new orders decreased for the first time since February. Weaker sales performances were especially seen across non-domestic* markets during June. The latest survey data highlighted a cooling of price pressures across the euro area. Rates of increase in input costs and output prices cooled to five- and eight-month lows, respectively, but remained above the pre-pandemic trends. The seasonally adjusted HCOB ... (full story)

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