Improved sentiment in the Euro zone

In May, the Purchasing Manager Index has been increased to its eight-month peak exceeding the expectations of analysts and the rate of economic downturn, further decreased in the Euro zone.

The Purchasing Manager Index which is the index of the combined manufacturing and services sector’s performance reached its eight-month peak, increased to 43.9 points from the 41.1 points of April. The index value of 50 points is still in decline, but the trend suggests the softening of  recession. The employment rate improved to 37.8 points from the 34.6 points of April. In the two biggest eurozone economy, Germany and France the manufacturing Purchasing Manager Index of May has been increased – reports ProfitLine.hu.