Eurozone July Services PMI rises to 51.6, returning to expansion and hitting a five-month high

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智通财经2026/07/24 09:21

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The Eurozone’s S&P Global Services PMI rose from 49.4 in June to 51.6 in July, reaching a five-month high and far exceeding the market expectation of 49.8. The data indicates that the services sector has returned to expansion after three months of contraction, supported by renewed growth in business activity.
Employment has improved, with service providers driving overall employment growth in the private sector. In terms of costs, operating expenses continued to rise, with a growth rate similar to last month, reflecting ongoing input cost pressures. However, output price inflation slowed, indicating that companies are passing on costs to customers at a slower pace. Business confidence has strengthened, with the services sector’s outlook for the year ahead improving, and companies are more optimistic about future demand and economic conditions.

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Eurozone July Services PMI rises to 51.6, returning to expansion and hitting a five-month high

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