Eurozone June composite PMI keeps decreasing in July
The composite PMI fell to 55.8 in July from 56.3 recorded in June. The quarterly performance of the region, however, was still the best of six years on the back of the manufacturers’ stronger output growth.
The data also showed that job creation recorded the highest level over the past 10 years in July, although the growth of new orders, backlogs of work and employment were lower in July.
According to the data, in July, France and Germany recorded the strongest growth in the region although it narrowed for the second month in a row. The employment was also strong in these countries.
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