EMU: Flash PMI Manufacturing expands against expectations in July

FXstreet.com (Barcelona) - Preliminary Eurozone PMI Manufacturing grew to 50.1 points in July, from 48.8 points in June, according to data released today by Markit. The result is above market consensus of 49.2 points.

PMI Services increased to 49.6 points in July, following a 48.3 point reading the previous month and above expectations of a rise to 48.5.

PMI Composite also surprised to the upside rising to 50.4 from 48.7 and above forecasts of a 49.3 result.