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The final reading of the Eurozone Composite PMI for July was 52, below the expected 51.9 and the previous reading of 51.9.
The Eurozones final services PMI for July was 51.7, below the expected 51.6 and the previous reading of 51.6.
August 5th - A survey shows that the French service sector contracted only slightly in July, with increased domestic demand offsetting pressure from declining sales to overseas customers. Data released by S&P Global shows that Frances final services PMI rose to 49.6 in July from 46.8 in June. A PMI below 50 indicates contraction in economic activity, while a reading above 50 indicates expansion. Although the French service sector remains in contraction, S&P stated that some positive signs have emerged in the market. S&P stated, "Demand in the French service sector has strengthened for the first time since November last year." However, S&P added that sales to overseas customers by French companies have declined significantly, marking the 12th consecutive month of decline. Frances final composite PMI, which covers both services and manufacturing, rose to 49.4 in July from 47.2 in June.
Germanys final composite PMI for July was 51.3, below the expected 51.2 and the previous reading of 51.2.
Germanys final services PMI for July was 49.8, below the expected 49.6 and the previous reading of 49.6.