In July, the economic performance of the Eurozone began to decline

By: Trademagazin editor Date: 2022. 07. 25. 11:05

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.

In July, the PMI in the euro area unexpectedly fell below 50 points

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)