US EditionManufacturing Sector Sees Robust Output Growth in July
EUROZONE, AUG 1 – Eurozone manufacturing PMI reached 49.8 in July, driven by rising output and export sales despite cost inflation and global uncertainties, with 35% of firms expecting production growth.
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European data wrap: PMI points to manufacturing recovery across Europe - Action Forex
Eurozone inflation came in firmer than expected in July, with headline CPI holding at 2.0% yoy, defying forecasts for a slight dip. Core CPI was steady at 2.3%, as anticipated. The data supports the view that the ECB may already be done cutting rates this year, with markets increasingly convinced that further easing will require […] The post European data wrap: PMI points to manufacturing recovery across Europe appeared first on Action Forex.
Market Consensus CdM The euro area manufacturing sector is regaining momentum, but with caution. At the beginning of the third quarter, it recorded a wide stabilisation of operating conditions, according to the PMI index. "With the new trade framework agreed between the EU and the US, uncertainty should decrease and signs point to a continuing upward trend in the coming months." They believe this in Hamburg Commercial Bank, where he comments th…
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