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The economy of the euro area of 19 nations has slowed in recent months despite German economic growth.
AMSMarket based in London said Tuesday its PMI for the German industrial and service sector. The group's chief economist, Trevor Schlein, said: "The growth of the German private sector has continued to accelerate in July."
"The industrial sector has been the source of strong growth This month, after the services led growth in June."
Although the first industrial PMI resumed its strength in July at 57.3, the index for services fell from 5.5 to As a result, the composite index of Germany rose to 2.55 in July from 8.4 in June
. The euro zone fell to its lowest level in two months and reached 3.54 this month, against 9.5 in June.
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