Tag Archives: services contraction

Eurozone private sector slips into contraction as services falter in May

Muhamad yehia ..Cairo Eurozone private sector contracted in May, with Composite PMI falling to 49.5. Services saw their sharpest drop in 16 months, while manufacturing stabilised. Business confidence hit a 19-month low, reinforcing expectations for further ECB rate cuts. Private sector activity in the eurozone unexpectedly contracted in May for …

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