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Eurozone: Manufacturing PMI falls to 54.6, eighteen-month low

The Eurozone manufacturing PMI has fallen almost one point in May, standing at 54.6 compared to 55.5 in April, reaching its lowest level in eighteen months. The result, however, improves the 54.4 points expected by the consensus.

According to the report published by S&P Global, the pManufacturing edicts fall for the first time in almost two years: “The fragility of the eurozone manufacturing sector was on full display once again in the latest PMI survey for May, as new orders in the sector fell for the first time since June 2020. Although output growth picked up slightly from the April’s recent low, remained sluggish, while business confidence was among the lowest in two years, amid concerns about the outlook for prices, supply chains and demand.

Source: Fx Street

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