Eurozone June Composite PMI Final at 48.5... Exceeds Preliminary 47.5
[Asia Economy Reporter Choi Saeng-hye] The finalized composite Purchasing Managers' Index (PMI) for the Eurozone (19 countries using the euro) in June exceeded the preliminary figure, showing signs of economic recovery.
On the 3rd, financial information provider IHS Markit announced that the finalized composite PMI for the Eurozone in June was recorded at 48.5. This result surpassed the preliminary figure of 47.5 and also rose compared to the May figure of 31.9.
However, the index remained below the baseline of '50', which separates economic expansion from contraction.
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The finalized services PMI for the Eurozone in June was 48.5, exceeding the preliminary figure of 47.3 and the May figure of 30.5. Germany's finalized composite PMI for June was 51.7, up 0.4 points from the preliminary figure. The services PMI for the same month was 47.3, 1.5 points higher than the preliminary figure. France's finalized composite PMI for June was 51.7, up 0.4 points from the preliminary figure. Italy's composite PMI was recorded at 47.6, and Spain's composite PMI was 49.7.
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