Economic sentiment remains in line with muted growth for the eurozone, which is likely to be somewhat stronger than in Q2. Steady bank lending growth is also in line with that view.
Eurozone spreads appear increasingly volatile, with French bond yields continuing to widen following reports that a confidence vote is being scheduled for two weeks from now.
The small increase in the composite PMI from 50.9 to 51.1 indicates that the eurozone economy continues to weather global storms quite well. Read more here.