EMU: PMI Services contraction slows down to 49.8 in July

FXstreet.com (Barcelona) - Eurozone PMI Services grew to 49.8 points in July, from 48.3 points in June, according to data released today by Markit. Analysts expected slightly less increase to 49.6 points.

PMI Composite jumped to 50.5 points, from 48.7, as projected.