Eurozone private sector business activity slowed in July, but was holding up much better than expected against a "rollercoaster" Greek debt crisis, a key survey has showed.
The closely watched Markit Economics Composite Purchasing Managers Output Index (PMI) for July slipped to 53.7 points from 54.2 in June when it hit a more than four-year high.
The July reading was still well above the 50-points boom-or-bust line and showed the 19-nation single currency bloc "remained reassuringly robust."
The eurozone has been recovering steadily but modestly for the past 18 months amid fears Greece could crash out of the bloc and undercut both consumer and business confidence.
But Markit chief economist Chris Williamson said the report showed "economic growth lost only slight momentum in July amid the rollercoaster events of the Greek debt crisis."
"The rate of expansion remained reassuringly robust to suggest that it was by-and-large 'business-as-usual' for the region as a whole," Mr Williamson said.
The figures suggest the economy grew 0.4% in the three months to June and maintained that rate into July, he added.
Mr Williamson said "recent positive developments in relation to Greece suggest the pace of growth could pick up again in coming months."
The eurozone economy grew 0.4% in the first quarter of 2015.
