{"id":19996,"date":"2020-08-06T11:59:06","date_gmt":"2020-08-06T08:59:06","guid":{"rendered":"https:\/\/vastuullisuusuutiset.fi\/?p=19996"},"modified":"2020-08-06T12:06:47","modified_gmt":"2020-08-06T09:06:47","slug":"euro-zone-business-activity-returned-to-modest-growth-in-july-pmi","status":"publish","type":"post","link":"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/euro-zone-business-activity-returned-to-modest-growth-in-july-pmi\/","title":{"rendered":"Euro zone business activity returned to modest growth in July: PMI"},"content":{"rendered":"<div class=\"smart_content_wrapper\"><p>Euro zone business activity returned to modest growth in July as some curbs imposed to stop the spread of the coronavirus were lifted, but the rebound in the bloc\u2019s dominant service industry was not as sharp as expected, a survey showed. More than 18 million people have been diagnosed with the virus globally but amid signs the pandemic was being contained in much of Europe, governments have allowed more businesses to reopen.<\/p>\n<p>The bloc\u2019s economy contracted a record 12.1% last quarter, data showed on Friday, while a July Reuters poll predicted 8.1% growth this quarter as businesses begin to return to some sort of normal. Wednesday\u2019s final Composite Purchasing Managers\u2019 Index (PMI) from IHS Markit, seen as a good indicator of economic health, bounced to 54.9 in July from June\u2019s 48.5, ahead of the 54.8 flash estimate. It had been below the 50 level separating growth from contraction for four months.<\/p>\n<p>\u201cEuro zone service sector business activity rebounded in July to grow at a rate not exceeded for over two years,\u201d said Chris Williamson, chief business economist at IHS Markit. \u201cFrance and Germany enjoyed especially strong gains though renewed growth was also recorded in Spain and Italy as COVID-19 containment measures continued to be relaxed.\u201d Overall demand increased and optimism improved but &#8211; likely of concern to policymakers &#8211; firms again cut headcount sharply. The employment index held below breakeven at 46.5, albeit better than June\u2019s 43.2 reading.<\/p>\n<p>As people ventured out to bars and restaurants, the services PMI rose to 54.7 from 48.3, its highest since September 2018 but short of the 55.1 flash reading.While purchasing managers were more optimistic about the year ahead, the services business expectations index was below the long-run average at 59.4, although up from June\u2019s 56.7.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-eurozone-economy-pmi\/euro-zone-business-activity-returned-to-modest-growth-in-july-pmi-idUSKCN2510ZW\">Reuters<\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Euro zone business activity returned to modest growth in July as some curbs imposed to stop the spread of the coronavirus were lifted, but the&#8230;<\/p>\n","protected":false},"author":4,"featured_media":26456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":null,"_FSMCFIC_featured_image_hide":null,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[5594,32],"tags":[5983,5982,5981],"class_list":["post-19996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chief-editors-choice","category-csr-news-en","tag-activity","tag-businesss","tag-euro-zone","wpcat-5594-id","wpcat-32-id"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/vastuullisuusuutiset.fi\/wp-content\/uploads\/2020\/10\/rsz_vaulogo.jpg?fit=100%2C58&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/posts\/19996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/comments?post=19996"}],"version-history":[{"count":2,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/posts\/19996\/revisions"}],"predecessor-version":[{"id":19999,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/posts\/19996\/revisions\/19999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/media\/26456"}],"wp:attachment":[{"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/media?parent=19996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/categories?post=19996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/tags?post=19996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}