External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>The eurozone composite PMI for July declined compared to June and is now stagnation territory (at 50.1, down from 50.9 in June).</li><li>This was an undershoot of consensus expectations. Today’s reading indicates growth of the bloc’s economic activity flatlined moving into Q3.</li><li>We already anticipate a slowdown in growth in Q2 and Q3 to 0.2% q/q, down from 0.3% in Q1. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The eurozone composite PMI for July declined compared to June and is now stagnation territory (at 50.1, down from 50.9 in June).This was an undershoot of consensus expectations. Today’s reading indicates growth of the bloc’s economic activity flatlined moving into Q3.We already anticipate a slowdown in growth in Q2 and Q3 to 0.2% q/q, down from 0.3% in Q1. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Eurozone PMIs: Weak Start to Q3 Does Not Bode Well for Recovery