Story: The main service sector in the euro zone grew in June.
This is based on a closely watched investigation released Thursday (July 3).
It was a positive update after a brief contraction in May.
But despite demand increasing business confidence, demand remains weak and the pace of growth is small.
The Eurozone Service Purchasing Managers Index (or PMI) rose from 49.7 in the previous month to 50.5 in June.
A PMI reading above 50 indicates an increase in activity, while an activity below indicates a contraction.
Compound PMI including manufacturing and service was as high as 50.6 in June.
It marks a three-month height, but still shows modest growth.
Although overall new business has declined for the 13th straight month, the shrinkage rate has dropped to some levels.
The service company also continued to recruit for the fourth consecutive month.
Ireland leads growth rankings for the fourth straight month among the top economies in the euro zone.
Spain surpassed Italy to rank second, and Germany returned to expand.
France is the only major economy to decline for the tenth consecutive month.
