Euro area growth lost momentum in July

In July, the preliminary value of the Manufacturing Industry’s Purchasing Manager Index (PMI) decreased to 56.8 points, to its three months nadir from the 57.4 points of June in the euro area.

The service industry’s PMI’s preliminary value became 55.4 points the same as in last month.

The combined PMI data for the manufacturing and service sectors declined to 55.8 in July, dropping to its six month nadir from the 56.3 points of June. (MTI)