Swiss Economicblogs.org
The flash PMI for the euro area was better than expected in July, although some sub-indexes pointed ahead to a deceleration in the rate of expansion. PMI data indicate a contraction of activity in the UK. Today’s flash PMI surveys for the euro area were more resilient than expected. The euro area composite PMI index eased only marginally in July, from 53.1 to 52.9, according to Markit’s flash estimates. However, some forward-looking indicators point to weaker developments ahead. In the...
Read More »Business activity resilient in France and Germany, but marked downturn in the UK
