EU S&P Global Composite PMI Final (May) 48.5 vs. Exp. 47.5 (Prev. 48.8)
- "Price pressures have meanwhile intensified to their most worrying for over three years, hinting at inflation potentially running close to 4% in the coming months"
- While one interest rate hike might be seen as an insurance policy, the case for further [ECB] rate hikes will be harder to make if the economy continues to weaken, not least as this softening of demand will itself constrain pricing power and wage growth."
#EUR#EUROPE#ECB#DATA#IMPORTANT#FOREX#FIXED INCOME#EU SESSION#PURCHASING MANAGER INDEX#CENTRAL BANK#INFLATION#INTEREST RATE#INSURANCE#INSURANCE (GROUP)#EU DATA