Euro zone’s economic growth has accelerated

Euro zone’s economic performance increased with a slightly faster pace in July. It seems that the region got over quickly over Brexit – the Purchasing Manager Index (PMI) of the Markit Economics Institute for Economic Research revealed on Wednesday.

Data firm IHS Markit Wednesday said its measure of private-sector activity, known as the composite Purchasing Managers Index, rose to 53.2 in July from 53.1 in June. The final PMI for the currency area was raised from a preliminary estimate of 52.9, at which level the measure indicated a slight slowdown in July. A reading below 50.0 signals a decline in activity, and a reading above that level indicates an expansion. (MTI)