European Services Growth Slows in July European Industrial Sector Recession Deepens in July Growth of German Services Sector Drops to Lowest Level in 4 Months German Industrial Sector Recession Deepens in July

European Services PMI Released

The European economy released today, Wednesday, the preliminary reading for the Services PMI in Europe for the month of July at the level of 51.9 points, continuing in the growth zone for the sixth consecutive month. This is lower than market expectations which pointed to 52.9 points, and lower than the previous reading of 52.8 points.

• This statement is "negative" for the euro, the single European currency.

European Industrial PMI Released

The European economy released today, Wednesday, the preliminary reading for the Industrial PMI in Europe for the month of July at the level of 45.6 points, the worst pace since December 2023, continuing in the recession zone for the 25th consecutive month, worse than market expectations which pointed to 46.0 points, and worse than the previous reading of 45.8 points.

• This statement is "negative" for the European common currency "Euro".

German Economy: Services PMI Released

The German economy released today, Wednesday, the preliminary reading for the Services PMI in Germany for the month of July at the level of 52.0 points, the lowest level since March, worse than market expectations which pointed to the level of 53.2 points, and worse than the previous reading of 53.1 points.

• This statement is "negative" for the largest economy in the Eurozone.

German Economy: Industrial PMI Released

The German economy released today, Wednesday, the preliminary reading of the Industrial PMI for July, registering at 42.6 points. This continues the contraction for the 24th consecutive month, worse than the market expectations of 44.1 points, and worse than the previous reading of 43.5 points.

• This statement is "negative" for the German economy, the largest in Europe.

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