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European Industrial Sector Recession Deepens in July
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".
Growth of German Services Sector Drops to Lowest Level in 4 Months
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.
MoreGerman Industrial Sector Recession Deepens in July
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.
MoreThe French Services Sector Re-enters Growth Territory in July
The French economy released today, Wednesday, the preliminary reading of the Services PMI for July, registering at 50.7 points. This marks a return to growth after a two-month contraction and is better than the market expectations of 49.7 points and the previous reading of 49.6 points.
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