View full page at forexfactory.com

 

EZ: Manufacturing growth slows in May as inflationary pressures move higher

From pmi.spglobal.com

The eurozone manufacturing sector grew again in May, although the upturn lost momentum as demand stagnated. As such, the S&P Global PMI® survey for May signalled a partial reversal of the strength witnessed in April, when new orders rose at the fastest pace in four years as advanced purchasing boosted growth. The survey's two prices indices meanwhile signalled a further intensification of inflationary pressures. Input costs rose at the steepest pace since May 2022 and the rate of output charge inflation hit a three-and-a-half-year high. The S&P Global Eurozone Manufacturing PMI – a measure of the overall health ... (full story)

Story Stats

  • Posted:
  • Category: Low Impact Breaking News