Trademagazin > News and articles > Market News > In June, the deterioration in performance in the euro area economy continued to moderate
In June, the deterioration in performance in the euro area economy continued to moderate
In June, the euro area performed significantly better than expected, and for the second consecutive month the rate of deterioration in the euro area economy moderated, according to the results of a survey conducted by the IHS Markit Economic Research Institute in London on Tuesday.
In June, the preliminary value of the composite purchasing manager index (PMI) aggregating manufacturing and service industry data rose to 47.5 points, a four-month high from the 31.9 points in May.
Economic analysts expected the composite index to be lower than the actual value of 42.4 points by June. (MTI)
Related news
Retail sales increased in the euro area and the European Union in May
Retail sales in the euro area and the European Union…
Read more >BMI: Slight contraction in June
The seasonally adjusted June value of the Purchasing Manager Index…
Read more >BMI: Moderate expansion in May
The seasonally adjusted May value of the Purchasing Manager Index…
Read more >
More related news >
Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >