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The manufacturing activity in the euro area slowed down in June after a 14-month high in May, S&P Global and Hamburg Commercial Bank (HCOB) said in a report on Monday. The Purchasing Managers' Index (PMI) stood at 45.8 in June, the lowest reading in two months. Factory production fell at the fastest pace in 2024, with new orders contracting. Buying levels also dropped, with stocks continuing to deplete. Factory jobs were also cut at the fastest rate in three months.