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Eurozone July final services PMI 50.9 vs 51.1 prelim

Prior 52.0Composite PMI 48.6 vs 48.9 prelimPrior 49.9The headline reading is a six-month low as the euro area economy cools further to start Q3. A weakening in demand conditions is the main culprit but at least price pressures are also seen easing further, though they remain primarily services-driven. HCOB notes that:“The Eurozone is off to a bad start in the second half of the year. According to the PMI, economic output fell in July after stagnating the month before and showing generally solid... Read More

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Content Topics

Eurozone

July

Final

Services

50

51 Prelim

Forex

Posted: Aug 3 2023, 08:00

Author Name: forexlive

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