Euro Zone Factory Downturn Deepened in May

eurozone manufacturing pmi february 2020

IHS Markit’s May final manufacturing Purchasing Managers’ Index was 47.7, matching an earlier flash reading but below April’s 47.9 and only just above March’s six-year low. An index measuring output change, which feeds into a composite PMI due on Wednesday that is seen as a good gauge of economic health, also held below the 50-mark separating growth from contraction, coming in at 48.9. It was 48.0 in April.

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Euro Zone Factory Downturn Deepened in May via @MasterMindUpdate