Euro-Zone June PMI Revised to 50 as Germany Lifts Activity From 48.5
Updated
Updated · Bloomberg · Jul 4
Euro-Zone June PMI Revised to 50 as Germany Lifts Activity From 48.5
3 articles · Updated · Bloomberg · Jul 4
Summary
Euro-zone business activity was revised up to stagnation in June, with S&P Global’s composite PMI rising to 50 from May’s 48.5 instead of signaling contraction.
The final reading beat the preliminary 49.5 estimate, driven by stronger-than-expected data from Germany.
A 50 reading sits exactly on the line between expansion and contraction, suggesting the bloc stopped shrinking last month.
The revision builds on earlier signs that services weakness was easing and leaves the euro-zone economy looking broadly flat rather than deteriorating.