European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.
The composite purchasing managers’ index for the eurozone—a gauge of private-sector activity across the 20 nations that share the euro—rose to 51.1 this month from 50.9 in July, according to S&P Global, which compiles the index in collaboration with Hamburg Commercial Bank. A reading above 50 in the index points to an increase in activity.