Economic Buzz: Eurozone business activity stagnates in August

The euro area business activity stagnated in August, with the composite Purchasing Managers' Index (PMI) landing at 52, unchanged from July's figure, S&P Global said in its final report on Thursday.

Meanwhile, the Services PMI Business Activity stood at 51.6 in August, down from 51.7 recorded in July and hitting a two-month low. The report showed that price pressures remained elevated in August, and new orders increased at the same pace as in July. Business confidence remained steady, according to the document.

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