Eurozone manufacturing upturn slows further in May @ Forex Factory


The upturn in the eurozone manufacturing sector
showed further signs of cooling in May. Rates of
expansion in output and new orders both slowed,
with increases in employment and backlogs of work
also losing momentum. Input cost inflation rose for
the first time in four months, whereas the rate of
increase in output charges slowed further.
The final IHS Markit Eurozone Manufacturing PMI
posted a 15-month low of 55.5 in May, down from
56.2 in April and unchanged from the earlier flash
estimate. The rate of increase has eased in each of
month since hitting a record high in December. The
PMI has signalled expansion for … (full story)

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