Euro area: Weak PMI growth signals and ECB dilemma – Commerzbank
Commerzbank’s Dr. Vincent Stamer notes that the Euro area composite PMI fell further into contraction territory in May, suggesting a weak second quarter for the economy. Both manufacturing and services sentiment deteriorated, with services notably weaker.
Commerzbank’s Dr. Vincent Stamer notes that the Euro area composite PMI fell further into contraction territory in May, suggesting a weak second quarter for the economy. Both manufacturing and services sentiment deteriorated, with services notably weaker.
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