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Investing.com -- The euro zone’s services sector returned to growth in June after a brief contraction in May, according to a survey released Thursday.
The HCOB Eurozone Services Purchasing Managers’ Index (PMI), compiled by S&P Global, increased to 50.5 in June from 49.7 in May.
The final reading came in above the preliminary estimate of 50.0.
A PMI reading above 50 indicates growth in the sector, while a figure below that threshold signals contraction.
The June reading shows the dominant services industry in the euro zone expanded at a marginal pace.
Despite the return to growth, demand remained weak across the services sector, although business confidence showed signs of improvement during the month.
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