The Services Purchasing Managers’ Index (PMI) issued by the PMI today, Friday, July 23, recorded its highest level in July in the preliminary reading since June 2006 to 60.4 points, compared to 58.3 in June, exceeding expectations that indicated a rise to 59.4, supported by the reopening of the eurozone economies, as it came The manufacturing index matched expectations at 62.6, down from the June reading of 63.4.
In the details of the euro zone, the German services growth index recorded a growth of 62.2 (expectations 59.4) compared to 57.5 in the June reading, the highest level since July 1997, while the manufacturing sector recorded a growth of 65.6 (expectations 64.2).
On the other hand, the manufacturing index in France recorded a growth of 58.1 (expectations 58.4) compared to July’s reading of 59, recording its lowest level in five months, while the services index declined to 57 points (expectations 58.7).
07/11/2024
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