Economic growth in the euro area slowed in June

By: Trademagazin editor Date: 2022. 06. 23. 11:10

Growth in the euro area’s economic performance slowed more than expected in June, according to the preliminary value of the Purchasing Managers’ Index of the London-based IHS Markit economic research institute released in Thursday.

The non-final value of manufacturing PMI in June fell to a 22-month low of 52 points, weaker than the 54.6 points in May and worse than the expected 53.9 points.
The PMI in the service sector fell to 52.8 points, a five-month low from the 56.1 points in May. Experts expected a less deteriorating indicator of 55.5 points. (MTI)