The manufacturing PMI rose to 55.4, compared to expectations for 54.6 and up from 54.8 a month earlier. The composite output index, which measures the combined output of both the manufacturing and service sectors ticked down to 55.7 from 56.6, falling short of expectations for 56.4.
French PMI report showed mixed figures
French private sector activity slowed slightly in July, pulling further back from May’s six-year peak but still pointed to a solid start to the second half of the year for the euro zone’s number two economy according to data released on Monday. The preliminary reading of the Markit services purchasing managers’ index came in at 55.9 this month down from 56.9 in June. Economists had forecast an uptick to 56.7.
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