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Euro's Rise on Friday Does Not Signal a Return to the Bullish Trend
Business activity indices in the euro
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Business activity indices in the euro area continue to look positive. The composite index rose in August from 50.9 to 51.1, despite a slight decline in the services sector, thanks to an unexpected recovery in manufacturing sector. This marks the highest level in more than a year, with the economic rebound supported in part by employment growth. Manufacturing recorded growth for the first time since June 2022. Positive economic data reduces the likelihood of further European
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Kuvat Raharjo,
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