Eurozone manufacturing PMI rose to 47.3 in May, marking the slowest contraction rate in over a year.

Eurozone manufacturing activity slowed its contraction in May, according to S&P Global's final HCOB survey results. The manufacturing Purchasing Managers' Index rose to 47.3 from 45.7 in April, marking the slowest rate of decline in over a year. Factory output dropped at the slowest pace in just over a year, while new orders posted the slowest decrease in two years. Business sentiment also improved during this period.

June 03, 2024
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