🚀 Euro zone business activity hits a low, but don't lose hope! 🌤️

- August saw European business activity contract to its lowest level since November 2020 😕

- Euro zone's flash composite PMI fell to 47.0, missing economists' expectations of 48.8 📉

- Services sector dropped to a 30-month low, while manufacturing PMI rose slightly 🏭

Despite these numbers, there's still optimism for the market! 🌈

- Euro zone grew by 0.3% in Q2, showing resilience amidst higher interest rates and energy prices 💪

- ECB's decision on rate hikes in September will depend on new data 🏦

Stay tuned for more updates on the European economy! 🌍