Eurozone June final services PMI 53.6 vs 53.4 prelim

Latest data released by Markit – 3 July 2019

  • Final composite PMI 52.2 vs 52.1 prelim
Preliminary figures can be found here. The final print sees the composite reading recovers to its highest level since November but it doesn’t take away from the fact that factory/manufacturing activity remains weak overall. The services sector may be sparing the blushes of the euro area for now but economic conditions continue to point towards a softer outlook unless things on the other side start to rebound.
EUR/USD holds at 1.1281 currently after having dipped to a low of 1.1269 on the session earlier. Price is still nearly unchanged on the session, holding in a narrow range.
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