Flash Eurozone Manufacturing and Services PMI: Growth slows for second month running: Pace sufficient to drive rise in employment
Jun 23rd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Flash Eurozone Manufacturing and Services PMI (Purchasing Managers' Index): The Markit Flash Eurozone Composite Output Index, based on around 85% of usual monthly survey replies, fell further from April’s post-recession high, dropping from 56.4 in May to 56.0 in June. Despite the easing in the rate of growth signalled by the fall in the index over the past two months, the series remained elevated by historical standards (its long-run average is 53.4), thereby indicating ongoing robust expansion. The average Output Index reading for Q2 is the strongest for two years.