The economic performance of the Eurozone decreased in July
The economic performance of the Eurozone decreased more than analysts expected in July, according to the preliminary values of the Purchasing Managers’ Index (BMI) presented on Monday by the S&P Global Market Intelligence economic research institute in London.
The preliminary value of the composite BMI for July, which follows both manufacturing and service industry data, weakened to an eight-month low of 48.9 points from 49.9 points in June. Analysts expected a less deteriorating indicator, 49.7 points.
The preliminary July value of the service industry BMI dropped to a six-month low of 51.1 points from 52.0 points in June. Analysts expected 51.5 points.
The manufacturing BMI fell to 42.7 points, a 38-month low, from 43.4 points in June. Experts expected a more favorable June index of 43.5 points.
Related news
Inflation accelerated to 2 percent in the eurozone and 2.3 percent in the EU on an annual basi
Inflation in the euro area and the European Union accelerated…
Read more >Temu would enter the EU market with local manufacturers
Temu’s rise in Europe is making waves – but now…
Read more >The European Commission has authorised the import of genetically modified soybeans into the EU
The European Commission has authorised the import of genetically modified…
Read more >Related news
EM: Further Development of the Deposit Return System Continues
Thanks to the Deposit Return System (DRS) introduced at the…
Read more >Slowdown and price increase at the same time – this is how the milk market will develop in the summer
The dairy sector is experiencing both international price increases and…
Read more >Another problem could cause food prices to rise
Latin American agriculture could face serious consequences if the United…
Read more >