Eurozone manufacturing recovery slowed sharply in May
Jun 1st, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eurozone Manufacturing: Final PMI data signalled that the rebound in the Eurozone manufacturing sector continued in May. The Markit Final Eurozone Manufacturing PMI (Purchasing Managers' Index) posted 55.8, slightly below the earlier flash estimate of 55.9 but still above the no-change mark of 50.0 for the eighth consecutive month and much higher than the long-run average of 51.6. Output and new orders both rose for the tenth successive months and at faster than survey average rates.