The IHS Markit Eurozone PMI® Composite Output Index rebounded for a second successive month, and to a considerable extent during June. Rising to 48.5, up nearly 17 points since May’s 31.9, the index was at its best level in four months and also higher than the earlier flash reading of 47.5. Despite the sharp improvement since May, the index was nonetheless indicative of challenging economic conditions across the region. Both manufacturing output and service sector activity continued to fall according to the latest data as the coronavirus disease 2019 (COVID-19) pandemic again weighed on wider economic activity. ... (full story)