Eurozone Composite PMI Rises to 52, Marking Eight-Month High in July

Eurozone business activity hits eight-month peak with Composite PMI at 52, driven by services recovery and manufacturing gains, signaling first expansion since March.

Woofun AI data shows that Eurozone business activity climbed to its highest level in eight months during July, fueled by a rebound in the services sector and continued manufacturing improvements. The S&P Global Eurozone Composite PMI reached 52 in July, surpassing the neutral threshold of 50 recorded in June and marking the index's first entry into expansion territory since March.

The Eurozone Services PMI increased to 51.7 in July, achieving a five-month high compared to 49.4 in the previous month.