Economic Buzz: Eurozone Manufacturing PMI Falls In June

1 Jul 2022 , 02:25 PM

The S&P Global Eurozone Manufacturing PMI fell from 54.6 in May to 52.1 in June, its lowest reading since August 2020 and a fifth consecutive month of decline in the headline measure. The slowdown trend seen across the euro area on aggregate reflected a broad-based weakening across all the monitored constituent nations during June. The eurozone manufacturing economy ending the second quarter on a low as production levels fell for the first time in two years. Evidence of worsening conditions for goods producers was seen across many of the sub-indices of the latest PMI survey as total new business intakes and export orders both declined, while business confidence slid to a 25-month low. Powered by Commodity Insights