» » Eurozone PMIs in May Signal Growth in 2Q16 should Ease

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Flash manufacturing PMI from the Eurozone sent a mixed signal of the region's economic growth. Headline reading for the bloc as a whole slipped -0.2 point to 51.5 in May. The market had anticipated improvement to 51.9. The PMI Composite Output Index dropped -0.1 point to 52.9, the lowest level in 16 months. Manufacturing PMI for Germany surprisingly rose to a 5-month high of 52.4 in May from 51.8 a month ago, while that for France dropped to 48.1 from 48.3 in April This was the lowest level in 13 months.


from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/eurozone-pmis-in-may-signal-growth-in-2q16-should-ease-2016052332962/
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