In the past four months, the performance of the euro area economy weakened the least in June

By: Trademagazin editor Date: 2020. 07. 03. 11:01

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In the past four months, the performance of the euro area economy weakened the least in June, according to a survey published on Friday by the IHS Markit economic research institute in London. According to the surveyed data, economic researchers have already forecast GDP growth for the third quarter.

The final value of the euro area composite purchasing managers’ index (PMI) compiled by aggregating manufacturing and services data rose to 48.5 points in June from 31.9 points in May and also outperformed the previous 47.5 points.
The composite index is improving for the second month in a row and is at its highest level in four months. (MTI)