Euro-area services, manufacturing contracted in August
Euro-area services and manufacturing output contracted for a seventh straight month in August.
A composite index based on a survey of purchasing managers in both industries in the 17-nation Euro area rose to 46.6 from 46.5 in July, London-based Markit Economics said in an initial estimate.
A reading below 50 indicates contraction. Economists had forecast an unchanged reading, the median of 19 estimates in a Bloomberg News survey showed.