empty
 
 

2018.07.2404:32:00UTC+00Eurozone Private Sector Growth Weakens In July

Eurozone private sector activity growth weakened in July, flash survey results from IHS Markit revealed Tuesday.

The composite output index dropped to 54.3 in July from 54.9 in June. The score was expected to fall slightly to 54.8.

The latest reading was the second weakest since November 2016, only narrowly beating May's recent low.

Chris Williamson, chief business economist at IHS Markit said, the July reading is consistent with quarterly GDP growth of 0.4 percent, down from a 0.5 percent expansion indicated by the surveys for the second quarter.

The services Purchasing Managers' Index slid more-than-expected to 54.4 from 55.2 in June. Economists had forecast the index to fall to 55.1.

Meanwhile, the factory PMI rose to 55.1 from 54.9 in June. The expected reading was 54.7.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback