Eurozone PMI composite dropped to 16-mth low, just 0.2% GDP growth and worse to come

Eurozone PMI Manufacturing dropped from 54.6 to 52.0 in June, below expectation of 53.0. That’s the lowest level in 22 months. PMI Services dropped from 56.1 to 52.8, below expectation of 55.5, a 5-month low. PMI Composite dropped from 54.8 to 51.9, lowest in 16-months. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence […]

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