Renewed restrictions curtail recovery in services industry
IHS Markit’s final manufacturing PMI fell to 61.4 in August from July’s 62.8
IHS Markit says there are clear signs of recovery losing momentum after buoyant Q2
Activity expanded in June at fastest rate in 15 years
Record expansion underpinned by manufacturing sector
Euro zone business activity slows sharply, felt most by largest economies
Second wave of Covid-19 cases and restrictions whacked activity in service industry
Drop driven by contraction in services activity
Economists fear bloc risks double-dip recession
Uptick in services and manufacturing sentiment surveys fuels hope that worst is over
PMI data shows contraction across vast swathes of the global economy
Breaks in global supply chains caused by measures to curb pandemic crush output
Downturn continued despite monetary stimulus, easing of trade tensions
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