In July, Eurozone factory output expanded at its fastest rate in nearly four and a half years, even as new demand continued to be weak. The S&P Global Eurozone Manufacturing Purchasing Managers’ Index increased to 51.9 from 51.4 in June. This marked its highest reading since April and kept the index above the 50 threshold indicating expansion. The final figure was slightly below an earlier estimate of 52.0. Manufacturing conditions improved at the beginning of the third quarter.
