Eurozone PMI unexpectedly rose to a five-month high in July, with German manufacturing rebounding and French services recovering, but the recovery remains threatened by oil prices.
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Eurozone economic activity saw significant improvement in July, with the composite PMI returning to expansion territory and far exceeding market expectations, as signs of recovery appeared in both the German and French economies. However, as US-Iran tensions escalate again, oil and gas prices are under renewed pressure, and risks from