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In July, the economic performance of the Eurozone began to decline
In July, the economic performance of the Eurozone decreased and began to shrink to a greater extent than expected, based on the preliminary data published on Friday of the survey conducted among purchasing managers by the London-based economic research institute S&P Global.
The July preliminary value of S&P Global’s Composite Purchasing Managers’ Index (PMI), which includes manufacturing and service industry data, fell to 49.4 points for the euro area from 52.0 points in June, well below market expectations of 51.0 points. (MTI)
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