A new survey by the research firm IHS Markit showed that the European economy’s recovery from the coronavirus recession stalled this month, as some earlier pandemic-related restrictions have been reinstated.
IHS Markit’s flash composite purchasing managers’ index (PMI), which is based on a survey of 5,000 companies across the 19-country eurozone and is seen as a good gauge of economic health, sank to 51.6 from July’s final reading of 54.9. It’s still above the 50-mark separating growth from contraction, however.
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