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MNI: EUROZONE DATA: Flash PMIs (Jul 2019) Preview....>

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MNI: EUROZONE DATA: Flash PMIs (Jul 2019) Preview - 09:00 BST
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- EZ Composite PMI - Bbg Consensus: 52.2; MNI Median: 52.1; vs Jun 52.2
- EZ Manufacturing PMI - Bbg Consensus: 47.7; MNI Median: 47.7; vs Jun 47.6
- EZ Services PMI - Bbg Consensus: 53.3; MNI Median: 53.4; vs Jun 53.6
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- Mkts expect Comp PMI to hold firm in Jul at Jun's 52.1 (up 0.4pt from May)...
- ... which would leave the index slightly above Q2's 51.8 average
- While the Manufacturing PMI is forecast to edge up 0.1pt, this would still
leave it stuck in contraction, where it has languished for five months running
- In contrast, while the Services PMI is expected to lose some steam (-0.3pt to
53.3), it is nonetheless set to signal continued strong growth in the sector
- Germany's Man PMI is the weakest of the Big 4 (Jul f/cast: 45.2; Jun: 45.0)
while its Serv PMI is the strongest (Jul f/cast: 55.3; Jun: 55.8)
- In France, both the Man (Jul f/cast: 51.7; Jun: 51.9) and Serv (Jul f/cast:
52.8; Jun: 52.9) indices are projected to remain comfortably above the 50-mark

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