One-and-a-half-year low in the euro area PMI
Growth in the euro area’s economic performance slowed more significantly than expected in May, according to the preliminary value of the Purchasing Managers’ Index of the IHS Markit Economic Research Institute released on Tuesday.
Manufacturing PMI in May fell to an 18-month low of 54.4 points, weaker than 55.5 points in April and worse than expected at 54.9 points.
The PMI in the service sector fell to 56.3 points, a two-month low from 57.7 points in April. Experts expected a less deteriorating indicator of 57.5 points. (MTI)
Tags: BMI, euróövezet
Related news
BMI: Deepening contraction in October
The seasonally adjusted October value of the Purchasing Manager Index…
Read more >In October, the economic performance of the Eurozone decreased slightly
In October, the economic performance of the Eurozone decreased modestly,…
Read more >In the euro area, the rate of increase in consumer prices slowed down in September
In September, the annual inflation rate in the euro zone…
Read more >
More related news >
Related news
Sándor Czomba: the minimum wage will increase by nine percent next year
The minimum wage will increase by nine percent next year,…
Read more >MOHU collected 700 million bottles in six months
By mid-November, 700 million bottles, jars and cans had been…
Read more >There are still many people who think buying a property is a waste of money
Middle-aged people have a markedly different opinion of renting as…
Read more >