EU S&P Global Composite PMI Flash (May) 47.5 vs. Exp. 48.8 (Prev. 48.8, Low. 47.5, High. 49.5)
- "...data show the eurozone economy taking an increasingly severe toll from the war in the Middle East."
- "The survey data indicate that the euro area economy looks set to contract by 0.2% in the second quarter."
- "Job losses are also starting to become worryingly widespread..."
- “The rise in the survey’s price gauges already hints at inflation running close to 4% in the coming months which, combined with the growing signs of the region slipping into an economic downturn, creates a deepening dilemma for policymakers"
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