https://sputnikglobe.com/20220722/eurozone-business-activity-falls-to-17-month-low-in-july-survey-shows-1097698603.html
Eurozone Business Activity Falls to 17-Month Low in July, Survey Shows
Eurozone Business Activity Falls to 17-Month Low in July, Survey Shows
Sputnik International
MOSCOW (Sputnik) - The eurozone's Composite Purchasing Managers' Index (PMI) fell to 49.4 in July compared with 52 in June due to a decline in manufacturing... 22.07.2022, Sputnik International
2022-07-22T12:53+0000
2022-07-22T12:53+0000
2023-02-09T12:22+0000
europe
eurozone
european union (eu)
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An index value of PMI above 50 points indicates a growth in economic activity and below a decline.The manufacturing PMI fell from 52.1 to 49.6, while the PMI in services fell from 53 to 50.6, according to preliminary estimates.In the largest eurozone economy, Germany, the composite PMI fell from 51.3 to 48, the lowest since May 2020. This included a fall of the manufacturing PMI from 52 to the 25-month low of 49.2, and the services PMI from 52.4 to 49.2.In France, the composite PMI from 52.5 to 50.6, including the manufacturing PMI falling from 51.4 to 49.6 and the services PMI from 53.9 to 52.1.
https://sputnikglobe.com/20220531/eurozone-inflation-jumps-to-all-time-high-of-81-as-energy-sosts-on-the-rise-1095897953.html
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Eurozone Business Activity Falls to 17-Month Low in July, Survey Shows
12:53 GMT 22.07.2022 (Updated: 12:22 GMT 09.02.2023) MOSCOW (Sputnik) - The eurozone's Composite Purchasing Managers' Index (PMI) fell to 49.4 in July compared with 52 in June due to a decline in manufacturing and services across 19 countries, S&P Global said on Friday.
An index value of PMI above 50 points indicates a growth in
economic activity and below a decline.
The July value turned worst than expected by experts, falling to its lowest since February 2021. The decline is largely attributed to inflation and price crisis, with Europeans tending to decrease spending.
The manufacturing PMI fell from 52.1 to 49.6, while the PMI in services fell from 53 to 50.6, according to preliminary estimates.
In the largest eurozone economy, Germany, the composite PMI fell from 51.3 to 48, the lowest since May 2020. This included a fall of the manufacturing PMI from 52 to the 25-month low of 49.2, and the services PMI from 52.4 to 49.2.
In France, the composite PMI from 52.5 to 50.6, including the manufacturing PMI falling from 51.4 to 49.6 and the services PMI from 53.9 to 52.1.
