Private sector activity across the eurozone showed little sign of progress in June, with the latest Purchasing Managers’ Index (PMI) data highlighting stagnation in both services and manufacturing, casting a shadow over the region’s economic recovery.
The flash eurozone Composite PMI for June remained at 50.2 points, unchanged from May and narrowly above the 50-point threshold that separates expansion from contraction. The figure came in slightly below market expectations of 50.5.
