EU S&P Global Composite PMI Flash (Jun) 49.5 vs Exp. 49.2 (Prev. 48.5); "Most of the responses used in the calculation of the June flash PMI data were received prior to the signing of the US-Iran MoU"

  • "The eurozone economy is showing enough resilience to just about stay out of recession".
  • "The survey is indicative of unchanged GDP over the second quarter".
  • "There is welcome news of an easing in the recent downturn in services activity, with tourism and leisure related industries seeing signs of recovering demand after the initial disruptions from the war in the Middle East".
  • "Encouragingly, lower energy prices are already filtering through to businesses and rates of input cost and selling price inflation have moved lower in June as a result, hinting at a potential peaking of the recent price spike".
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