Eurozone business growth at a standstill in July

Overall demand across the region fell for a second month

The bloc's latest purchasing manager's index reading fell to 50.2 slightly above the 50 mark separating growth from contraction. 

Growth in eurozone business activity stalled last month as a stuttering expansion in the bloc's dominant services industry was compounded by a deeper downturn in the manufacturing sector, a survey showed.

HCOB's composite Purchasing Managers' Index for the currency union, compiled by S&P Global and seen as a good gauge of overall economic health, fell to 50.2 in July from June's 50.9.