Eurozone PMI Falls Into Contraction as Energy Shock Hits Services Hard

Eurozone private sector activity slipped back into contraction in April, with the Services PMI finalized at 47.6, down sharply from 50.2 in March and marking a 62-month low. Composite PMI fell from 50.7 to 48.8, its weakest reading in 17 months and the first contractionary print in nearly a year and a half. The data […]

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