Latest data released by Markit - 5 August 2019
- Prior 50.5
- Composite PMI 51.0 vs 50.1 expected
- Prior 50.1
A decent beat in Italy's services sector offers some hope of a recovery at least to begin Q3. Of note, the new business sub-index rose strongly from 50.6 in June to 52.4 in July.
That said, the composite reading is only a tad higher and still suggests sluggish economic growth in the country as a whole. EUR/USD holds more firm at 1.1131 currently, near session highs for the day.
