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.
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