Eurozone
Flash PMI for the eurozone fell from 53.1 in June to 52.9 in July. The figure is the lowest in 18 months, writes Markit in PMI report.
According to Trading Economics was expecting an index of 53.4 points.
service industry PMI fell from 52.8 to 52.7 points. There were expecting an index of 53.1 points.
Industry PMI fell from 52.8 to 51.9 points. Here was consensus estimate 53.1 points.
PMI index
index values above 50 indicates economic growth, while an index number below 50 indicates contraction.
Flash PMI is a preliminary figure that 70 percent of respondents have answered.
PMI is considered an indicator of GDP growth
– The economy in the euro zone showing surprising resilience despite brexit and yet another terrorist attack in France, writes Chief Economist Chris Williamson at Markit Economics’ PMI report.
– The improvement in the PMI data for Germany and France are in contrast to the rest of the region, the report said.
Germany
Flash PMI for Germany rose from 54.4 in June to 55.3 in July. According to Trading Economics was expecting an index of 54.7 points.
service industry PMI rose from 54.4 points to 55.3 points. There were expecting an index of 54 points.
Industry PMI fell from 54.4 to 53.7 points. Here was consensus estimate 54.8 points.
France
Flash PMI for France rose from 49.6 in June to 50.0 in July. According to Trading Economics was expecting an index of 50.4 points.
service industry PMI rose from 49.9 points to 50.3 points. There were expecting an index of 49.5 points.
Industry PMI rose from 48.3 to 48.6 points. Here was the consensus estimate of 50.5 points.
UK
British flash PMI was expected in at 49 points. Conclusion was 47.7. These are the first PMI data released after the British said no to further EU membership.
June figures showed an index value of 52.4.
Industry PMI fell from 52.1 to 49.1. There were expecting 49.0.
Service PMI fell from 52.3 to 47.4. There were also expecting an index of 49.0 points.
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