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German S&P Global Services PMI Final (Jun) 48.6 vs. Exp. 46.8 (Prev. 48.1, Low. 46.8, High. 48.1)

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Italian Retail Sales YoY (May) Y/Y 2.2% (Prev. 1.6%)

FAO Food Price Index (Jun) 130.3 (Prev. 130.8)

German S&P Global Services PMI Final (Jun) 48.6 vs. Exp. 46.8 (Prev. 48.1, Low. 46.8, High. 48.1)

French S&P Global Services PMI Final (Jun) 46.8 vs. Exp. 47.4 (Prev. 44.3, Low. 47.4, High. 47.4)

French S&P Global Composite PMI Final (Jun) 47.2 vs. Exp. 47.6 (Prev. 44.9, Low. 47.6, High. 47.6)

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  • “Encouragingly, cost pressures subsided considerably across the service sector in June, helped by the reduced price of fuel."
  • “On the labour market front, whilst services firms have slowed the pace of job losses, a steep and accelerated reduction in backlogs of work points to low capacity pressures in the sector and suggests there will be little appetite for hiring in the coming months." 
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