Eurozone Business Growth Solid in May but Shows Signs of Easing: Flash PMI

Eurozone Business Growth Solid in May but Shows Signs of Easing: Flash PMI
A new Formentor car by SEAT Cupra on the factory assembly line in Martorell, near Barcelona, Spain, on Sept. 29, 2020. Albert Gea/Reuters
Reuters
Updated:

LONDON—Eurozone business growth remained resilient but slowed slightly more than thought this month as the bloc’s dominant services industry lost a little of its shine and the downturn in the manufacturing sector deepened, a survey showed on Tuesday.

HCOB’s flash Composite Purchasing Managers’ Index (PMI) for the bloc, compiled by S&P Global and seen as a good gauge of overall economic health, fell to 53.3 in May from April’s 54.1.