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Eurozone Economy Shows Signs of Renewed Growth in July Amid Cooling Inflation Pressures

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The eurozone economy is showing signs of renewed growth in July, according to provisional PMI survey data from S&P Global.

The headline S&P Global Flash Eurozone Composite PMI Output Index rose to 51.9 in July, up from 50.0 in June.

This increase indicates a welcome revival of economic activity in the region, but inflationary pressures are still a concern.

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