The Eurozone economy maintained its pace of growth in the month of June, the latest manufacturing and services activity surveys from IHS/Markit research showed. The Eurozone manufacturing purchasing managers index (PMI) remained unchanged at 55.5 in June while services PMI rebounded to 55.0 versus 53.8 last. The IHS Markit Eurozone PMI improved from 54.1 in May to 54.8 in June, hitting fresh 2-month highs. Comments from Chris Williamson, Chief Business Economist at IHS Markit: “An improved service sector performance helped offset an increasing drag from the manufacturing sector in June, lifting Eurozone growth off the 18- month low seen in May. With growth kicking higher in June, the surveys are commensurate with GDP rising 0.5% in the second quarter.” “Price pressures are also on the rise again, running close to seven-year highs. Increased oil and raw material prices are driving up costs, but wages are also lifting higher, in part reflecting tighter labour markets in some parts of the region. Service sector jobs are being created at the fastest rate seen over the past decade, underscoring the extent to which the job market is tightening.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US is said to ask Japanese buyers to stop Iran oil imports – Bloomberg FX Street 3 years The Eurozone economy maintained its pace of growth in the month of June, the latest manufacturing and services activity surveys from IHS/Markit research showed. The Eurozone manufacturing purchasing managers index (PMI) remained unchanged at 55.5 in June while services PMI rebounded to 55.0 versus 53.8 last. The IHS Markit Eurozone PMI improved from 54.1 in May to 54.8 in June, hitting fresh 2-month highs. Comments from Chris Williamson, Chief Business Economist at IHS Markit: "An improved service sector performance helped offset an increasing drag from the manufacturing sector in June, lifting Eurozone growth off the 18- month low seen in… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
