PMI review:

  • The Spanish manufacturing sector moved closer to stagnation in July. The PMI posted 51.0 in July, down from 52.2 in June.
  • The rate of growth in Italy’s manufacturing sector eased at the start of the third quarter, at 51.2, down from June’s 53.5, .
  • French manufacturing sector continues to contract in July.PMI remains below neutral 50-mark
  • Germany manufacturing PMI dips slightly despite production growth hitting 27-month high. Headline PMI falls from June’s 54.5 to 53.8 as new order growth slows.
  • Eurozone manufacturing growth edges lower at start of third quarter. Final Eurozone Manufacturing PMI at 52.0 in July (Flash: 51.9, June Final: 52.8)
  • The July PMI registered 52.6 percent, a decrease of 0.6 percentage point from the June reading of 53.2 percent reported by ISM.