One-and-a-half-year low in the euro area PMI

By: Trademagazin editor Date: 2022. 05. 24. 11:12

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.

Eurozone economy slows

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)