The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Eurozone Business Growth Cooled Down in May on Rising Costs of Living
    Forex News

    Eurozone Business Growth Cooled Down in May on Rising Costs of Living

    May 24, 20221 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    EU citizens with blue European Union flag with yellow stars
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Growth in eurozone business activity eased this month but was still relatively solid despite a cost of living crisis hampering consumer spending power.

    • S&P Global’s flash Composite Purchasing Managers’ Index (PMI) dropped to 54.9 in May from 55.8 in April, lower than the 55.3 expected in a Reuter’s poll.
    • May’s services PMI decreased to 56.3 from 57.7, well below the 57.5 projected in the Reuters poll, as sharply rising prices remained some consumers cautious.
    • Growth in demand for services deteriorated, and the new business sub-index dropped to 55.2 from 56.6, but firms increased headcount at a faster pace than in April.
    • Eurozone manufacturing input and output prices both remained high, and factory managers passed on the rising costs of materials to customers.

    A sustained recovery in services helped boost business activity in Germany, even though there are signals rising prices, market uncertainty, and supply problems are beginning to increase pressure on demand.

    EuroStoxx50 down -0.76%, EURUSD up +0.30%

    Source: S&P Global

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Eurozone Eurozone business Eurozone manufacturing EURUSD STOXX
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    European Central Bank

    Christine Lagarde Solidifies ECB’s Message on Combating Inflation

    June 28, 2022
    JPMorgan Chase & Co

    JPMorgan Strategists See Equity Stress Relieving in Second Fifty Percent

    June 21, 2022
    US Fed Hikes Benchmark Interest Rate

    US Fed Hikes Benchmark Interest Rate by 0.75% to 1.75%, Highest Level since March 2020

    June 16, 2022
    European Shares

    European Shares Edged Up Before Fed Rate Hike as ECB Explores Crisis Strategy

    June 15, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    91  −    =  81

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.