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Growth of German Services Sector Drops to Lowest Level in 4 Months
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 Industrial Sector Recession Deepens in July
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.
The French Services Sector Re-enters Growth Territory in July
French Economy: Services PMI Released
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.
- This statement is "positive" for the French economy, the second-largest in the Eurozone.
Deepening Recession in the French Industrial Sector in July
French Economy: Industrial PMI Released
The French economy released today, Wednesday, the preliminary reading for the Industrial PMI in France for the month of Wednesday at the level of 44.1 points, the worst pace in the last six months, worse than market expectations which pointed to the level of 45.8 points, and worse than the previous reading of 45.4 points.
- This statement is "negative" for the second largest economy in Europe.