Eurozone: PMIs indicate that re-acceleration in growth isn’t happening – ING

Peter Vanden Houte, Chief Economist at ING, notes that the flash Eurozone PMI Composite Output Index declined to 54.1 in May from 55.1 in April, undershooting consensus expectations. Key Quotes “Both the Services PMI Activity Index (53.9) and the Manufacturing PMI Output Index (54.5) are now at their lowest level in more than a year.” […]

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