According to Eurostat data, GDP declined 0.2% in the three months to March, following a 0.6% drop previously. Consumption grew 0.1% while investment dropped 1.6%, exports 0.8%, imports 1.1%, and government spending 0.1%. The May euro zone manufacturing PMI was 48.3, pointing to additional contraction in the current quarter. The highest manufacturing PMI was 49.4 for Germany followed by Netherlands whose PMI was 48.7.”The euro zone economy contracted in all… Read More...
↧