Final August S&P Global services PMI dipped to 51.6 from 51.7 in July,
marginally below the earlier flash reading. The composite PMI was 52.0, close to
its long-run average of 52.3, indicating the euro zone private sector is
expanding at a steady but not strong pace. Respondents reported broadly based,
still-robust demand. S&P Global Market Intelligence senior chief economist Joe
Hayes said the data point to solid Q3 growth, with industrial momentum
strengthening and services recovering from the initial energy-price spike after
the Middle East war.