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Euro zone: manufacturing shows signs of recovery

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Euro zone: manufacturing shows signs of recovery

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Manufacturing in the euro zone shrank at a lower rate than expected in June but there were significant differences between nations with Germany lagging furthest behind.

It was the fourth month in a row there has been a slowdown in the deterioration of the euro zone’s manufacturing economy as new orders contracted at a slower pace. So even if growth trends are not apparent, the bloc should shrink much less in the second quarter.