The purchasing managers' index (PMI) for the eurozone manufacturing sector fell to a 15-month low in May 2018 as the slowdown in the region's growth continued, data supplier IHS Markit said on Friday June 1.
The final rating for May was 55.5, down from 56.2 in April, making it the fifth consecutive rating fall this year. However, this follows a record high in December 2017.A figure higher than 50 indicates that the manufacturing economy is expanding, while a reading of less than 50 indicates a contraction.Slower growth in output, new orders, new export business and employment were all reported during the May survey.A higher-than-usual number of public holidays in May could have contributed to the slower growth during the month,...