Eurozone manufacturing grows for third straight month: S&P Global
Eurozone manufacturing grew for a third month in May, with the PMI rising to 49.4. Greece led, while Spain returned to expansion. France nearly stabilised; Germany remained weakest. Demand steadied, export orders improved, and business confidence hit a 27-month high. Input costs fell, aiding ECB rate cut prospects, says HCOB’s de la Rubia.
Eurozone manufacturing grew for a third month in May, with the PMI rising to 49.4.
Greece led, while Spain returned to expansion.
France nearly stabilised; Germany remained weakest.
Demand steadied, export orders improved, and business confidence hit a 27-month high.
Input costs fell, aiding ECB rate cut prospects, says HCOB’s de la Rubia.
