Eurozone PMI signals weakest output growth since July 2003, but charges for goods and service rise at steepest rate for 14 months
Jun 4th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The final RBS/NTC Eurozone Composite Output Index fell from 51.9 in April to 51.1 in May, in line with the earlier flash reading for May and thereby registering the weakest rate of growth since July 2003. Growth was unchanged on April’s 32-month low in manufacturing and slowed to near-stagnation in services, dropping to a pace equal to January’s four-and-a-half year low.