Print Composite PMI (Purchasing Managers Index, PMI) Eurozone in July fell to 52 points from 53.1 points in June 2016, evidenced by the preliminary data research organization Markit Economics.
As you know, figure below 50 reflects a decrease in activity, above -. increase in activity
in Europe, drew a mixed picture with regard to PMI indicators. A number of countries noted the positive dynamics in the other – on the contrary.
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In particular, the PMI manufacturing sector in Spain has decreased from 52.2 to 51 points, Italy – from 53.5 to 51.2 points in Greece – from 50.4 to 48.7 points.
In France, PMI manufacturing sector remained at the same level of 48.6 points, while the PMI Netherlands has increased from 52 to 53.2 points in July.
Growth from 53.7 to 53.8 and the PMI in Germany was marked, and the country is the leader in Europe in this indicator.
Speaking of the final results on July Markit chief economist Chris Williamson said that despite the signals of slowing growth, the July data pointed to a steady increase in production.
However, according to Williamson, the problem lies in the fact that growth looks more one-sided, which can lead to increased calls for further stimulus by the ECB.
“Studies show that the volume of production in the euro area increased annually by almost 2%, prompting the company to create new jobs at the fastest pace in five years in the last few months, however, weakens the deflationary pressure that stabilizes the level of retail prices, “-. said Chris Williamson.
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