Eurozone Manufacturing PMI Contracts Further in May as Demand Declines
Eurozone’s manufacturing sector experienced a continued decline in May, primarily driven by reduced demand. Although factories responded to the challenging conditions by cutting prices for the first time since September 2020. The final Purchasing Managers’ Index (PMI) for the manufacturing sector in May, collected by S&P Global on June 1, stood at 44.8, slightly higher …
Eurozone Manufacturing PMI Contracts Further in May as Demand Declines Read More »