Euro zone services revival drives activity in July but outlook clouded by Iran war
The composite purchasing managers index rose to 52.0, with services and manufacturing both expanding and new orders increasing at the fastest pace since November.
- In July, Euro zone business activity climbed to an eight-month high, with the Global Euro Zone Composite PMI rising to 52.0, marking the first expansion since March.
- A broad-based upturn across the region drove this expansion, as the Global Services PMI climbed to a five-month high and Germany recorded its first output rise since March.
- Employment stabilized in July, ending a six-month run of job losses, while input cost inflation eased to a five-month low, offering relief to consumers and policymakers.
- Inflation across countries using the euro rose to 2.9% in July from 2.8% a month earlier, increasing the likelihood of a European Central Bank interest rate hike.
- Business confidence rose to a five-month high but remains below levels seen before the US-Israeli attack on Iran, as Middle East conflict uncertainty continues to cloud the outlook.
11 Articles
11 Articles
The global PMI index stood at 52 points in July, two points higher than the previous month, driven by the services sector
Economic activity in the private sector of the euro area recorded strong recovery in July 2026, driven by the return of expansion in the service sector and by a firmer performance of the processing industry. S&P Global's Service Purchasing Managers Index (PMI) rose to 51.7 in July, surpassing the neutral mark of 50.0 and reversing the 49.4 reading observed in June. The result ended a three-month sequence followed by contraction in the sector and…
The Economic Times
Euro zone services revival drives activity in July but outlook clouded by Iran war, PMI shows
Euro zone business activity reached an eight-month high in July. Services activity rebounded, joining a strengthening manufacturing sector. Overall new orders saw their fastest pace since November. Employment stabilized after a six-month period of job losses. Input cost inflation eased to a five-month low.
Euro zone services revival drives activity in July but outlook clouded by Iran war
Euro zone business activity jumped to an eight-month high in July as a rebound in services joined a strengthening manufacturing sector, but the uncertain trajectory of the Middle East conflict continued to cloud the outlook, a survey showed.
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