Eurozone manufacturing PMI rose to 51.9 in July from 51.4 in June, S&P Global said, slightly below the earlier flash 52.0. The output sub-index climbed to 52.9 from 51.7, its highest since March 2022. S&P Global noted the improvement largely reflects firms digesting backlogs rather than a pickup in end-market demand. Disruption from the Middle East conflict and sharply higher energy costs are adding operating pressure on manufacturers. S&P Global Market Intelligence chief business economist Chri

Eurozone manufacturing PMI rose to 51.9 in July from 51.4 in June, S&P Global said, slightly below the earlier flash 52.0. The output sub-index climbed to 52.9 from 51.7, its highest since March 2022. S&P Global noted the improvement largely reflects firms digesting backlogs rather than a pickup in end-market demand. Disruption from the Middle East conflict and sharply higher energy costs are adding operating pressure on manufacturers. S&P Global Market Intelligence chief business economist Chris Williamson said the sector is experiencing a degree of summer acceleration but warned this performance may prove hard to sustain and momentum could weaken into autumn.