FX.co ★ Euro Area Services PMI Rise to 6-Month High

In July 2025, the HCOB Eurozone Services PMI climbed to a six-month high of 51.2, surpassing the anticipated 50.7. This indicates a more robust expansion within the sector, as output growth accelerated to its fastest rate since January. For the first time in six months, new business orders rose, highlighting an upswing in demand. Employment figures increased, reflecting firms' growing confidence in future workloads. Although cost pressures slightly eased, with input prices rising at a reduced rate, the rate of output inflation also showed signs of moderation. Despite these positive developments, business confidence faltered, revealing persistent concerns regarding the future economic outlook.