Eurozone PMI composite hits 5-month low at 50.1, ECB’s post-September rate cut path uncertain

Economic activity in Eurozone weakened in July, with PMI Manufacturing dipping from 45.8 to 45.6, a seven-month low, and missing expectations of 46.3. PMI Services also declined from 52.8 to 51.9, below the anticipated 52.9, marking a four-month low. Consequently, PMI Composite fell from 50.9 to 50.1, a five-month low. Cyrus de la Rubia, Chief […]

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