Euro Area composite and services PMI ease in July as demand conditions deteriorate

seekingalpha08-05

Services PMI in the Euro Area fell to a 4-month low of 51.90 points in July from 52.80 points in June. Composite PMI in the Euro Area decreased to 50.20 points in July from 50.90 points in June, a 5-...

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Composite PMI in the Euro Area decreased to 50.20 points in July from 50.90 points in June, a 5-...</p>\n\n<a href=\"https://seekingalpha.com/news/4133722-euro-area-composite-and-services-pmi\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Euro Area composite and services PMI ease in July as demand conditions deteriorate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEuro Area composite and services PMI ease in July as demand conditions deteriorate\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-05 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4133722-euro-area-composite-and-services-pmi><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Services PMI in the Euro Area fell to a 4-month low of 51.90 points in July from 52.80 points in June. Composite PMI in the Euro Area decreased to 50.20 points in July from 50.90 points in June, a 5-...</p>\n\n<a href=\"https://seekingalpha.com/news/4133722-euro-area-composite-and-services-pmi\">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":"FGM","symbol_name":"First Trust Germany AlphaDEX Fun","start_time":0,"source_url":"https://seekingalpha.com/news/4133722-euro-area-composite-and-services-pmi","article_id":"2457748545","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1412682529/image_1412682529.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457748545","pubTimestamp":1722844913,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Services PMI in the Euro Area fell to a 4-month low of 51.90 points in July from 52.80 points in June. Composite PMI in the Euro Area decreased to 50.20 points in July from 50.90 points in June, a 5-month low. Demand conditions in the eurozone deteriorated, the latest HCOB survey results for July showed. This marked a second successive monthly fall in new business, and one that was also faster than in June. “The eurozone’s economy is growing at a snail's pace in July. Sector-wise, services is not picking up speed like it did earlier in the year, while the industrial slump has continued unabated. Because of this, the HCOB Composite Output PMI is just hovering above the expansion line,\" Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said. \"So, while the second half of the year started off pretty weak, the PMIs and the official numbers for economic growth in the second quarter were surprisingly good. Given this situation, our 0.7% growth forecast for the year is still ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FGM":"First Trust Germany AlphaDEX Fun","EWQ":"法国ETF-iShares MSCI","EWG":"德国ETF-iShares MSCI","GF":"新德基金","DAX":"Global X Dax Germany ETF","EWI":"意大利ETF-iShares MSCI","HEWG":"德国ETF汇率对冲-iShares"},"translate_title":"由于需求状况恶化，欧元区7月综合和服务业PMI放缓","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DAX":1,"EWG":1,"EWI":1,"EWQ":1,"FGM":1,"GF":1,"HEWG":1},"content_text":"Services PMI in the Euro Area fell to a 4-month low of 51.90 points in July from 52.80 points in June. Composite PMI in the Euro Area decreased to 50.20 points in July from 50.90 points in June, a 5-month low. Demand conditions in the eurozone deteriorated, the latest HCOB survey results for July showed. This marked a second successive monthly fall in new business, and one that was also faster than in June. “The eurozone’s economy is growing at a snail's pace in July. Sector-wise, services is not picking up speed like it did earlier in the year, while the industrial slump has continued unabated. Because of this, the HCOB Composite Output PMI is just hovering above the expansion line,\" Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said. \"So, while the second half of the year started off pretty weak, the PMIs and the official numbers for economic growth in the second quarter were surprisingly good. Given this situation, our 0.7% growth forecast for the year is still conservative.\"  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/2457748545"}