- Analytics
- News and Tools
- Market News
- Eurozone's final services PMI rises to 53.3 in May
Eurozone's final services PMI rises to 53.3 in May
Markit Economics released final services purchasing managers' index (PMI) for the Eurozone on Friday. Eurozone's final services purchasing managers' index (PMI) rose to 53.3 in May from 53.1 in April, up from the preliminary reading of 53.2.
The increase was driven by rises in employment and input prices.
Eurozone's final composite output index increased to 53.1 in May from 53.0 in April, up from the preliminary reading of 52.9.
The increase was mainly driven by a rise in output.
"The final PMI numbers for May have come in slightly ahead of the earlier flash readings, but still point a Eurozone economy which seems unable to move out of low gear," Chief Economist at Markit Chris Williamson said.
"The survey data are signalling a GDP rise of 0.3% in the second quarter, suggesting the growth spurt seen at the start of the year will prove frustratingly short-lived," he added.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
