The latest Eurozone growth data make for depressing reading. Germany’s preliminary manufacturing PMI data for July, printed at 38.0, illustrates an ongoing and deep contraction in manufacturing activity. A print above 50 is consistent with growth and anything below 50 shows a contraction. The latest data are consistent with a huge slowdown in the manufacturing sector. The data have been in contractionary territory for most of this year, but the latest data suggest that the slowdown is intensifying.  The services sector is also starting to show signs of weakness, with the latest Eurozone services PMI data showing a decline to…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €100.

Subscribe

Cancel anytime.

Are you already a member? .