Eurozone PMI Hits 8-Month High at 52 in July

Eurozone’s composite PMI climbed to 52 in July, marking the highest level in eight months and signaling robust expansion in production and new orders.

Rising Star: Composite PMI

■June 50, July 52 – eight‑month high

■Market expectation 51.9 surpassed

■Values above 50 indicate expansion, below 50 contraction

Service Sector Breakout

■June 49.4, July 51.7 – five‑month high

■Expectation 51.6 exceeded

■Growth in employment and consumer spending in services

Slowing Inflation

■July’s slowdown in inflation supports higher production and orders

■Could ease pressure on the European Central Bank’s rate policy

Market Reactions

■Euro up 1.5 % amid renewal expectations

■Stocks rose 0.8 %, especially in tech and consumer goods

■Investors see PMI as a signal of strong growth

Seda Çetin: The PMI surge suggests the ECB may postpone short‑term rate hikes. The strong growth readings boost risk appetite, while easing inflation provides a favorable backdrop for monetary policy.