Economic Buzz: Eurozone Manufacturing PMI Drops In May

24 May 2022 , 03:09 PM

Eurozone PMI Manufacturing dropped from 55.5 to 54.4 in May, below expectation of 54.9, hitting an 18-month low. PMI Services dropped from 57.7 to 56.3, below expectation of 57.5. The seasonally adjusted S&P Global Eurozone PMI Composite Output Index edged down from 55.8 in April to 54.9 in May, according to the preliminary flash reading. The latest reading indicated an expansion of economic activity for the fifteenth successive month, with the rate of growth easing only modestly to remain well above the surveys long-run average. Powered by Commodity Insights