Economic growth in the euro area unexpectedly rose in June, supporting the economy's recovery as the risk of private sector activity in the two biggest economies of the German and French regions increases.
The data comes just a week after the US Federal Reserve raised interest rates for the second time this year and the ECB signaled the end of its monetary easing program by December.
The composite PMI rose from 54.1 to 54.8 in June, supported by service growth, while the slowdown in manufacturing continued. Following the release of the data, the Census Bureau said the region still faces risks in the second half of the year.
The Manufacturing PMI fell from 55.5 to 55.0 points in line with market expectations, while the Purchasing Managers' Index rose from 53.8 to 55.0 points during the period.
