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
GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >NAV has published information regarding travel luggage
The National Tax and Customs Administration (NAV) has published a…
Read more >AliExpress launches fulfillment in Europe
Chinese online marketplace AliExpress is launching Local+, a fulfillment solution…
Read more >Related news
New Product Launches In Spain Hit New Low, Study Finds
Innovation in Spain’s FMCG sector is at a record low,…
Read more >Auchan Romania Rolls Out Bulk Collection For Deposit Return System
Auchan Romania has introduced a new bulk collection system at…
Read more >Danone buys Belgian biotics firm The Akkermansia Company
In a statement, the owner of yogurt brand Activia said…
Read more >