Latest data released by Markit - 1 July 2019
- Prior 50.1
That's a really poor reading, which sees the headline fall to its weakest level since April 2013. Of note, the manufacturing output index falls to 47.4 which points to its first contraction reading since November 2013.
EUR/USD is dragged to a session low of 1.1317 on the release here and this highlights further concerns about manufacturing activity in the euro area, which has been slumping heavily since the turn of the year.
