Flash PMI for Eurozonen kan læses her
business expectations about the year ahead in the dominant services economy dropped to the lowest seen so far this year, fuelled by weakened confidence in Germany and France, in a sign that the crisis appears to have dented business prospects. Growth of incoming new business also slowed, easing to its weakest since February as an acceleration of inflows of new business in the service sector was offset by weaker growth of new orders in manufacturing.
The rate of job creation likewise eased, dropping by a small margin to the lowest since February. Only modest employment growth was recorded in both manufacturing and services. However, although remaining subdued, the sustained upturn in employment in July further extended the region’s best spell of job creation seen since 2011. Backlogs of work – a key gauge of capacity constraints – registered the second-largest rise since the first half of 2011, suggesting companies are likely to continue hiring in August, notably in the service sector.
