Eurozone July Markit mftg PMI final reading now out 1 Aug
- 56.8 flash
A slight miss on final reading which has been the general tone of the larger economy PMIs out this morning.
UK mftg PMI data out at 08.30 GMT. Not a key reading given the sector's low contribution to GDP but the algos may have some fun on a wide of the mark report.
EURUSD currently shrugging it off and a tad higher at 1.1826 with EURGBP nudging up to 0.8952 and EURJPY to 130.30
Says Markit:
The start of the third quarter saw a slight moderation in the recent strong rate of expansion of the eurozone manufacturing sector. This was signalled by the final IHS Markit Eurozone Manufacturing PMI® posting 56.6 in July, down from June's 74-month high of 57.4 and below the earlier flash estimate of 56.8.
The PMI has remained above the no-change mark of 50.0 for 49 successive months. National surveys pointed to broad-based growth, with PMI readings for all eight of the countries monitored signalling expansion. The strongest improvements in operating conditions were registered in Austria, the Netherlands and Germany, although of these nations only the Netherlands saw a faster rate of expansion (75-month high).
Full report here
EZ mftg PMI mm
