Eurozone Preliminary Manufacturing PMI edges lower to 45.6 in July vs. 46.1 expected

• Eurozone Manufacturing PMI declined to in July, missing the 46.1 forecast.
• Bloc’s Services PMI dropped to 51.9 in July vs. 53.0 expected.
• EUR/USD remains in the red below 1.0850 after German, Eurozone PMI data.

The Eurozone manufacturing sector contraction extended while the services sector activity lost its recovery momentum in July, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Wednesday.

The Eurozone Manufacturing Purchasing Managers Index (PMI) dropped from 45.8 in June to 45.6 in July, missing the market consensus of 46.1.