05.08.202608:00:00UTC+00Eurozone Private Sector Momentum Picks Up as HCOB Composite PMI Rises to 52.0 in July

Business activity in the euro area strengthened in July, with the HCOB Eurozone Composite Purchasing Managers' Index (PMI) edging up to 52.0 from a previous reading of 50.0. The latest figure, covering July 2026, moves further above the 50-point threshold that separates expansion from contraction, signaling a firmer pace of growth across the bloc’s private sector.

The improvement suggests that both manufacturing and services combined are seeing a more broad-based recovery in activity compared with the flat conditions implied by the prior 50.0 reading. While detailed sector breakdowns were not provided, the move to 52.0 indicates stronger overall demand and rising output levels.

The updated data, released on 5 August 2026, will likely be closely watched by investors and policymakers as they gauge the resilience of the eurozone economy and its capacity to sustain this renewed momentum in the second half of the year.