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Euro zone business activity growth hits 11-month high in July, PMI shows
HESSE, GERMANY, JUL 24 – Eurozone business activity grew for the seventh month with Germany offsetting French contraction; the composite Purchasing Managers' Index rose to 51.0, signaling steady expansion, S&P Global said.
- On Thursday , a survey showed Eurozone businesses recorded an eleven-month high pace of growth, driven by manufacturing and services expansion.
- Amid Donald Trump’s measures, German manufacturers faced severe pain from US tariffs, compounded by France’s political uncertainty and draft budget proposal, impacting regional growth.
- Sector figures revealed the services PMI rose to 51.2 from 50.5, and the manufacturing PMI increased to 49.8 from 49.5, showing growth, according to the report.
- Meanwhile, France saw business activity decrease but at the slowest pace in almost a year, as Cyrus de la Rubia noted the euro zone economy appears to be gradually regaining momentum.
- Looking ahead, the European Central Bank will hold policy steady, with most economists expecting a rate cut in September, including a long-term investment pledge, said Cyrus de la Rubia.
14 Articles
14 Articles
Euro zone business activity growth hits 11-month high in July, PMI shows
Euro zone business activity accelerated faster than forecast this month, supported by a solid improvement in the bloc's dominant services industry and with manufacturing showing further signs of recovery, a survey showed on Thursday.
Eurozone growth surprises in July: Is the worst really over?
Eurozone economic growth picked up in July, driven by services and stabilising factory activity, suggesting a stronger start to the third quarter. Manufacturing showed signs of recovery, while inflation eased—offering cautious optimism for the bloc’s outlook.
Euro zone business activity growth hits 11-month high
Euro zone business activity accelerated faster than forecast this month, supported by a solid improvement in the bloc's dominant services industry and with manufacturing showing further signs of recovery, a survey showed today.
Euro-Zone Private Sector Grows at Fastest Pace in Almost a Year
The euro area’s private sector grew at the quickest pace since last August as a three-year manufacturing downturn nears an end and the services sector gathers momentum, even as a trade showdown with the US looms.
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