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Eurozone July flash services PMI 51.1 vs 51.5 expected

Prior 52.0Manufacturing PMI 42.7 vs 43.5 expectedPrior 43.4Composite PMI 48.9 vs 49.7 expectedPrior 49.9On the balance of things, the overall numbers here don't seem as dire as what the German PMI data earlier suggests. However, the manufacturing sector is still well in recession and services activity is unable to offset that to carry the euro area to start Q3. Business activity is now sitting in contraction territory and that will ignite recession worries for the second-half of the year. HCOB n... Read More

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Content Topics

Eurozone

July

Flash

Services

51 Expected

Forex

Posted: Jul 24 2023, 08:00

Author Name: forexlive

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