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Flash PMIs (Jul 2020) Preview - From 0815BST

EUROZONE DATA

EZ Mfg: BBG: 50.0 vs 47.4 Jun; EZ Services: BBG: 51.0 vs 48.3 Jun
FR Mfg: BBG: 53.0 vs 52.3 Jun; FR Services: BBG: 52.3 vs 50.7 Jun
DE Mfg: BBG: 48.0 vs 45.2 Jun; DE Services: BBG: 50.3 vs 47.3 Jun
UK Mfg: BBG: 52.0 vs 50.1 Jun; UK Services: BBG: 51.3 vs 47.1 Jun


  • All Flash mfg PMIs are expected to post marginal increases in Jul following
    significant gains in Jun when factories in most countries reopened.
  • Survey evidence is in line with market forecast: The CBI industrial trends
    survey showed improving orders, although still well below pre crisis levels.
  • France's mfg sentiment ticked up in Jul, while the ZEW survey showed small
    gains for expectations and current conditions in the EZ.
  • The continued easing of restrictions is likely to provide a boost to the
    services PMIs - all indices are forecast to post m/m gains and readings above 50
  • German consumer confidence rose in Jul according to Gfk, while the BRC
    reported slightly higher footfall and a rebound in retail sales in the UK.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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