Business growth in the euro zone has improved in August despite the potential for a growing trade war which will affect economic growth. The latest statistics showed the region's composite purchasing managers' index rose from 54.3 to 54.4 points, but came below market expectations of 54.5 points.
It should also be noted that the optimism of companies and institutions towards manufacturing and service sectors fell from 63.1 to 61.3 points. For the services sector, the Purchasing Managers' Index rose from 54.2 to 54.4 points in line with market expectations.
In addition to the employment component grew by the fastest pace of since October 2007.
On the other hand, the growth of the manufacturing sector slowed down, with the PMI in the sector slowing to 21-month lows from 55.1 to 54.6.
