Composite PMI climbed to 51.9 in July, signaling accelerating economic growth after June’s stagnation.
Eurozone flash purchasing managers’ indexes reached multi-month highs in July, with the composite output index rising to 51.9 from June’s 50.0. The increase marks the strongest expansion in five months, driven by improved services and manufacturing activity.
Services business activity rebounded to 51.6, a five-month high, after contracting at 49.4 in June. Manufacturing PMI edged up to 52.0, a three-month high, from 51.4 in the prior month. The data suggests a pickup in economic momentum following a period of stagnation.
The readings exceed expectations and point to a broadening recovery across sectors, though growth remains modest by historical standards.