Eurozone Services PMI Barely Expand in August

Service activity in the Eurozone posted some decline in August, but remains within the expansion zone.

Eurozone service activity barely expanded in August. The IHS Markit eurozone services PMI registered 50.5 in August versus 54.7 in July, slightly above the flash reading of 50.1 and over the 50 mark indicating improving conditions.

The Euro is trading at 1.1818, down about 0.3% against the dollar