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Thursday, August 1, 2013

Eurozone factory PMI expands for first time in two years.

Eurozone manufacturing PMI climbed to a two-year high of 50.3 in July from 48.8 in June, entering expansion territory for the first time since July 2011. PMIs rose in all nations except Spain, helped by rising export demand and stabilizing domestic markets. The reading will hopefully "help the euro area exit recession."

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