UK and Eurozone posts strong manufacturing PMI data - BBH

Research Team at BBH, notes that the UK reported June manufacturing PMI, which came in at 52.1 vs. 50.1 expected. 

Key Quotes

“Construction PMI (50.5 expected) will be reported Monday, followed by services (52.7 expected) and composite PMIs on Tuesday.  As we’ve noted before, the June data is not so important, with investors looking ahead to July and Q3 for a better idea of the Brexit impact.

The final Eurozone manufacturing PMI reading for June was reported at 52.8 vs. 52.6 flash.  Looking at the country breakdown, Germany rose to 54.5 vs. 54.4 flash, France rose to 48.3 vs. 47.9 flash, Italy rose to 53.5 vs. 52.4 flash, and Spain rose to 52.2 vs. 52.0 flash.  The Eurozone services and composite readings will be reported Tuesday.”