Archive · 24 Jul 2025
Eurozone Economic Activity Picks Up in July, Services Lead Recovery
The economy in the Eurozone is getting a little better, like a car starting to speed up again.
Businesses are doing more work, especially those that provide services.
Factories are still struggling a bit, but things are improving.
Prices aren't going up as quickly in services, which is good news.
The people in charge of the Eurozone's money might keep interest rates the same for now, but could lower them later if things keep getting better.
Eurozone business activity accelerated in July to an 11-month high, with the composite PMI reaching 51.0.
The services sector drove the recovery, with its PMI rising to 51.2, surpassing expectations.
Manufacturing activity improved slightly to 49.8, but remained in contraction, although the decline may be easing.
Inflationary pressures eased in the services sector, with input costs and output prices declining.
Economists anticipate the European Central Bank (ECB) will hold interest rates steady in July, with potential cuts later in the year.
- Who
- The European economy
- What
- Eurozone business activity accelerated, with the composite PMI reaching an 11-month high.
- When
- July
- Where
- Eurozone
- Why
- Driven by stronger services sector and tentative signs of life in manufacturing.
- Composite PMI
- 51.0
- Services PMI
- 51.2
- Manufacturing PMI
- 49.8
- Composite new business index
- 50.0
- Services input price index
- 56.7
- Eurozone headline inflation (June)
- 2.0%