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- Eurozone's final services PMI increases to 54.4 in June
Eurozone's final services PMI increases to 54.4 in June
Markit Economics released final services purchasing managers' index (PMI) for the Eurozone on Friday. Eurozone's final services purchasing managers' index (PMI) increased to 54.4 in June from 53.8 in May, in line with the preliminary reading.
The increase was driven by rises in new business and employment.
Eurozone's final composite output index increased to 54.2 in June from 53.6 in May, up from the preliminary reading of 54.1. It was the highest level since May 2011.
"Despite the escalation of the Greek crisis in the second half of the month, the final PMI for June came in slightly above the 'flash' estimate, suggesting the turmoil has so far had little discernible impact on the real economy," Chief Economist at Markit Chris Williamson said.
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