Eurozone flash manufacturing PMI falls to 46.4 in July, EUR/USD in 2-month lows

The Eurozone manufacturing sector activity stalled its rebound and fell deeper into contraction in the month of July, the latest manufacturing activity survey from IHS/Markit research showed.

The Eurozone manufacturing purchasing managers index (PMI) came in at a 79-month low of 46.4 in July vs. 47.6 expected and 47.6 last while the services PMI dropped to 2-month lows of 53.3 vs. 53.3 expected and 53.6 last.

The IHS Markit Eurozone PMI Composite fell from 52.2 in June to 51.5 in July, hitting fresh 3-month lows.