India, Aug. 3 -- The euro area manufacturing activity strengthened in July as production posted its biggest expansion in nearly four-and-a-half years, final data from S&P Global showed Monday.
The Purchasing Managers' Index edged up to 51.9 in July from 51.4 in June, signaling the strongest improvement in factory operating conditions since April. However, the score was slightly below the flash estimate of 52.0.
"Eurozone factories are enjoying something of a summer growth spurt, with production rising at its fastest rate for four and a half years," S&P Global Market Intelligence Chief Business Economist Chris Williamson said.
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