Macro - Weekly Briefings - Eurozone


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Macro - Weekly Briefings - Eurozone



This week's flash PMIs provided more evidence that the eurozone recovery ran out of steam before it began. The eurozone composite PMI sunk in July to a level consistent with stagnation and a contraction in Germany and France. This was reinforced by national sentiment data from Germany and France and presents a downside risk to our H2 growth outlook.


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