The Eurozone manufacturing sector remained in contraction, while services sector also followed suit in May, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday.
The Eurozone Manufacturing Purchasing Managers Index (PMI) improved to 49.4 in May from 49 in April, beating the market estimate of 49.3.
The bloc's Services PMI fell to 48.9 May from 50.1 in April. The data came in below the expected 50.3 print and hit a 16-month low.
The HCOB Eurozone PMI Composite contracted to 49.5 in May, following April's 50.4. The market forecast was 50.7.
Source: FXStreet
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