Markit survey: recession eased in eurozone in May, way to recovery

By: Trademagazin editor Date: 2020. 06. 04. 11:03

Economic performance in the euro area continued to decline sharply in May, according to a survey by the London-based Financial and Economic Reporting Group IHS Markit, and although there are indications that the 19-nation region has made it hard to catch up, it could take months before growth resumes.

According to final data, the euro area composite Purchasing Managers’ Index (pMI) from manufacturing and services data rose to 31.9 points from 13.6 points in April. The final value exceeds the 30.5 points previously forecasted and expected by analysts. (MTI)