Eurozone PMI manufacturing falls to 45.6, services down to 52.6

Eurozone’s PMI data for June revealed significant declines, with Manufacturing PMI falling from 47.3 to 45.6, below the expected 45.6. Services PMI also dropped from 53.2 to 52.6, missing the forecast of 53.5. Consequently, Composite PMI decreased from 52.2 to 48.0. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, noted that the preliminary […]

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