Economic performance growth in the euro area slowed down in June

By: Trademagazin editor Date: 2022. 07. 05. 11:05

The growth of the economic performance of the euro zone slowed down in June, according to the final data of the purchasing manager index of the S&P Global economic research institute. The data was presented on Tuesday.

Eurozone PMIs decreased, but still show growth

In June, the Purchasing Managers’ Index (PMI) of all three eurozone countries fell, but still remained above the 50 points that separate growth from decline.

The final June value of the manufacturing industry PMI, announced on Friday, fell to the lowest level since August 2020, to 52.1 points, lower than May’s 54.6 points. (MTI)