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    Eurozone manufacturing output accelerated in July while new orders and exports stayed weak. The survey’s output index advanced to 52.9 from 51.7, reaching a peak not seen since March 2022. Although production growth outpaced the overall manufacturing environment, companies relied heavily on orders received in previous months. New orders saw only slight increases and lagged behind the rate of production. Export orders declined once more, with drops in France, Spain, Italy, and Austria outweighing gains elsewhere in the currency area.