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    Home » Eurozone Manufacturing Growth Eases to 18-Month Low
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    Eurozone Manufacturing Growth Eases to 18-Month Low

    June 1, 20221 Min Read
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    Manufacturing growth in the Eurozone slowed last month as factories struggled with supply shortages, high prices, and a decline in demand.

    • The S&P Global’s final manufacturing Purchasing Managers Index (PMI) declined to 54.6 in May from April’s 55.5, its lowest level since November 2020. 
    • An index measuring output, which is seen as a good measure of economic health, increased to 51.3 from 50.7.
    • Chris Williamson, a chief business economist at S&P Global, stated that euro area manufacturers continue to struggle against the challenges of supply shortages, heightened inflationary pressures, and deteriorating demand.
    • The flash services PMI edged down to 56.3 in May from 57.7, signaling growth also slowed in that industry.

    As economies have reopened after the COVID-19 pandemic, citizens are going on vacations and taking part in reactional activities again.

    Euro Stoxx 50 up +0.091%, EURUSD down -0.17%

    Source: S&P Global

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