Eurozone Final PMI Hits Three-month High in June
The euro area's private sector saw a stabilization in June, with growth in manufacturing output offset by a slower decline in the services sector, according to final data from S&P Global published Friday. The seasonally adjusted S&P Global Eurozone Composite PMI Output Index rose to a three-month high of 50 in June, compared with the previous 48.5 and flash estimate of 49.5. The final reading marks the first time the index has moved out of the contraction zone since March. Meanwhile, the services PMI came in at 49.4, against the prior 47.7 and the initial reading of 48.9.
The euro area's private sector saw a stabilization in June, with growth in manufacturing output offset by a slower decline in the services sector, according to final data from S&P Global published Friday.
The seasonally adjusted S&P Global Eurozone Composite PMI Output Index rose to a three-month high of 50 in June, compared with the previous 48.5 and flash estimate of 49.5.
The final reading marks the first time the index has moved out of the contraction zone since March.
Meanwhile, the services PMI came in at 49.4, against the prior 47.7 and the initial reading of 48.9.