Germany Markit July services PMI final 53.1 vs 53.5 exp

Germany Markit July services and composite PMI final readings 3 Aug

• 53.5 flash
• composite 54.7 vs 55.1 exp/flash

Softer final readings sees EURUSD unfazed at 1.1840, EURGBP 0.8950 and EURJPY 131,00

EZ final readings out at the top of the hour.

"The German service sector continued to expand in July, according to the latest PMI® survey data from IHS Markit. That said, the rates of growth in both total business activity and new contracts were the slowest in ten months. More positively, employment increased at a faster pace and firms remained strongly confident regarding the outlook for business activity. Price pressures strengthened slightly in the latest survey."

Full Markit report here