PMI signals ongoing Eurozone recession in second quarter

The Markit Eurozone PMI® Composite Output Index rose to a three-month high in May, but remained deep in contraction territory. According to the flash estimate, based on approximately 85% of total replies, the Eurozone PMI rose from 46.9 in April to 47.7 in May, signalling an easing in the rate of…

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PMI signals ongoing Eurozone recession in second quarter

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