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Eurozone Business Activity Slightly Up Again In June

The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global registered a figure of 50.2, stable from May.


A euro currency sign is pictured inside the headquarters building of the European Central Bank (ECB) as a person walks by ahead of a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on June 6, 2024. – The European Central Bank is expected to start cutting interest rates from record highs, its first reduction in nearly five years, but volatile inflation means the path ahead is uncertain. (Photo by Kirill KUDRYAVTSEV / AFP)

 

Business activity in the eurozone was up marginally in June, marking the sixth consecutive month of slow but steady expansion, a closely watched survey showed on Monday.

The HCOB Flash Eurozone purchasing managers’ index (PMI) published by S&P Global registered a figure of 50.2, stable from May.

 

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Figures from last month were revised up after having originally shown a drop. Any reading above 50 indicates growth, while a figure below 50 shows contraction.

 

AFP