Report
Composite PMI eases somewhat in July
The euro area composite PMI eased to a level of 54.3 after 54.9; a slightly weaker outcome than consensus expectations , which were for a broadly unchanged reading. Somewhat surprisingly, it was sentiment in the services sector that decreased , while the manufacturing sub index went up , suggesting that it is not “trade war †related concerns that are behind the decline. The index level reached in July remains consistent with solid growth in the euro area.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Dirk Schumacher
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