Eurozone business activity jumps to eight-month high as services rebound

Eurozone business activity jumped to an eight-month ​high in July as a rebound in services joined a strengthening manufacturing sector, but the ‌uncertain trajectory of the Middle East conflict continued to cloud the outlook, a survey showed.

The S&P Global Eurozone Composite PMI – which combines services and manufacturing surveys – rose to 52.0 in July from the neutral mark in June, a tad ​above a preliminary estimate of 51.9. It was the first time in expansion territory since ​March....