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Euro zone business activity bounces back in July with strongest growth in 2 years
The euro zone’s business activity rebounded in July, according to preliminary data, as strict coronavirus lockdowns were further eased and more people returned to work.
Many euro zone countries have reopened their economies, but there are social-distancing measures in place and many firms are operating at reduced capacity to avoid a spike in cases.
Firms in France led the recovery in the 19-member region, with both manufacturing and services reporting the best output growth in two-and-a-half years.
Governments will also likely end their financial support for companies to keep all their employees on the payroll.
https://www.cnbc.com/2020/07/24/euro-zone-pmis-show-rebound-for-july.html