Flash PMI survey data showed business activity and new order growth slowing in May, with hiring and backlogs of work likewise exhibiting slower rates of increase. The survey also indicated that companies have become less optimistic about the outlook. There was mixed news on price trends, as cost pressures increased but selling price inflation slowed. The IHS Markit Eurozone PMI fell from 55.1 in April to 54.1 in May, according to the flash reading which is based on approximately 85% of usual replies. By remaining well above the 50 no-change mark, the PMI continued to signal robust growth of business activity in the ... (full story)