EN

Eurozone shows signs of recovery driven by services sector

July 31, 2025

Data from June 2025 indicate a recovery in the eurozone private sector, with growth seen in Germany and Italy, while France and Poland continue to contract. Overall, the data reflect a fragile recovery driven mainly by the domestic services sector, while industrial production continues to struggle amid weak external demand.

According to S&P Global, the Eurozone Composite PMI rose to 50.6 in June – a reading above 50 points indicates growth. However, demand in the manufacturing sector continued to decline, albeit at a slower rate than earlier in the year.

Germany’s Manufacturing PMI Output Index rose to 49.0, the highest reading since July 2022. This is accompanied by a slump in total new orders for the seventeenth consecutive month, albeit at rates that are the slowest this year.

Italy’s Manufacturing PMI fell to 45.7 in June compared with 45.6 in May, indicating a deepening recession. Output shrunk at the fastest pace in six months.

Poland’s Manufacturing PMI fell to 44.8 in June from 47.1 in May – the lowest level since April 2023. Output, new orders, and purchasing were shrinking at an accelerated pace.

Send your resume

    BECOME OUR CUSTOMER

      ►
      These technologies are used to ensure that our website operates correctly and they cannot be deactivated.
      None
      ►
      These technologies allow the website to remember choices you make and provide enhanced, more personal features. For example, these technologies can be used to remember and store the last tracking number that you entered when using a tracking application. Information these technologies collect may be anonymized and they cannot track your browsing activity on other websites.
      None
      ►
      We use analytics technologies to improve the quality of our website and its content, and to ensure that our partners’ embedded services work properly.
      None
      ►
      These technologies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these technologies, you will experience less targeted advertising.
      None