Investing.com -- While euro zone manufacturing activity rose again in August according to data on Tuesday a resurgence in virus cases, particularly Spain, has raised fears over the outlook for the economic recovery. A separate report on Tuesday showed that the eurozone fell back into deflation last month for the first time since mid-2016, another indication of the economic fallout from the pandemic. While low inflation gives a boost to consumers, it will raise alarm at the European Central Bank, increasing the chance that it will have to expand stimulus before the end of the year.
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