Free Trial

MNI: EUROZONE DATA: Final Manufacturing PMIs (Jul....>

MNI, NEWS
MNI: EUROZONE DATA: Final Manufacturing PMIs (Jul 2019) Preview - 09:00 BST
-------------------------------------------------------------------------------
- EZ (Final): Bbg Consensus: 46.4; Prelim: 46.4; Prev (Jun): 47.6
- Germany (Final): Bbg Consensus: 43.1; Prelim: 43.1; Prev (Jun): 45.0
- France (Final): Bbg Consensus: 50.0; Prelim: 50.0; Prev (Jun): 51.9
- Italy: Bbg Consensus: 48.0; Prev (Jun): 48.4
- Spain: Bbg Consensus: 48.0; Prev (Jun): 47.9
- According to the flash data, the EZ manufacturing PMI plunged by 1.2pts in Jul
to 46.4 - the lowest since Dec 2012 - suggesting that the industrial recession
deepened at the start of Q3
- Developments in Germany, where the flash PMI slumped to 43.1, are particularly
worrying
- In France, the flash estimate suggests that the sector slowed to stagnation 
- Given that the German & French indices fell more sharply than the EZ average,
the Italian & Spanish PMIs may have edged higher in Jul...
- ... but both nonetheless look set to remain in contraction territory

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.