India, June 23 -- The euro area private sector contracted at a slower pace in June as services activity posted a slower fall while manufacturing output continued to grow moderately, flash survey results from S&P Global showed Tuesday.
The flash composite output index registered 49.5 in June, up from 48.5 in the previous month. The score was above economists' forecast of 49.1.
The indicator remained below the neutral mark of 50, signaling a third consecutive fall in business activity. Nonetheless, the latest fall was the weakest in the current sequence of contraction.
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