Eurozone May Manufacturing PMI at 47.4... Exceeds Expectations
The Eurozone's manufacturing Purchasing Managers' Index (PMI) for May recorded 47.4.
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According to S&P Global on the 23rd (local time), the May Eurozone manufacturing PMI exceeded the previously announced forecast (46.2). It also rose compared to the previous month's figure (45.7).
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However, it still remained below 50, which is the threshold for judging economic expansion or contraction. A PMI below 50 indicates a contraction in business conditions.
This content was produced with the assistance of AI translation services.
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