Final July Services PMI readings from France, Italy, and Spain were shy of expectations while Germany’s reading beat estimates.
Eurozone’s June PPI -0.4% m/m (expected -0.2%; last -1.9%); -3.4% yr/yr (expected -3.1%; last -1.6%).
July Services PMI 50.9 (expected 51.1; last 52.0)
Germany’s July Services PMI 52.3 (expected 52.0; last 54.1).
June trade surplus EUR18.7 bln (expected surplus of EUR15.0 bln; last surplus of EUR14.6 bln).
June Imports -3.4% m/m (expected -0.3%; last 1.4%)
Exports 0.1% m/m (expected 0.3%; last 0.1%)
France’s June government budget deficit EUR116.2 bln (last deficit of EUR107.2 bln).
July Services PMI 47.1 (expected 47.4; last 48.0)
Italy’s July Services PMI 51.5 (expected 52.2; last 52.2).
June Retail Sales -0.2% m/m (expected 0.0%; last 0.6%); 3.6% yr/yr (expected 4.0%; last 3.0%)
Spain’s July Services PMI 52.8 (expected 53.4; last 53.4)