Euro Area Composite PMI drops to 50.1 in July

seekingalpha07-24

HCOB Flash Eurozone Composite PMI Output Index fell to 50.1 in July from 50.9 in June, lower than the consensus of 51.1. Flash Services PMI Business Activity Index drops to 51.9 vs. 52.8 in June, a 4-...

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Flash Services PMI Business Activity Index drops to 51.9 vs. 52.8 in June, a 4-...</p>\n\n<a href=\"https://seekingalpha.com/news/4127292-euro-area-composite-pmi-drops-to-501-in-july\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GF","symbol_name":"新德基金","start_time":0,"source_url":"https://seekingalpha.com/news/4127292-euro-area-composite-pmi-drops-to-501-in-july","article_id":"2453786800","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1455668014/image_1455668014.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453786800","pubTimestamp":1721810262,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"HCOB Flash Eurozone Composite PMI Output Index fell to 50.1 in July from 50.9 in June, lower than the consensus of 51.1. 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The pace has barely changed over the last ten months. As employment has broadly fallen at a slower rate than output, this hints at two things: companies are a bit cautious about trimming staff as there may still be some hope for better times. And secondly, labour productivity is diminishing which bodes ill for growth perspectives. As a result, an eventual recovery will likely be followed by a rather large lag in employment growth. “While Germany is seemingly struggling to grow, the French economy is being fueled by the Olympic Games. According to anecdotal evidence, French service providers increased their business activity in July due to the preparation for the Olympic Games. In contrast, demand in the German manufacturing sector seems to have dragged down overall private sector output.\" said Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank. ETFs: (EWG), (GF), (EWI), (EWQ), (FGM), (HEWG), (DAX) Currency: (EUR:USD)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2453786800"}