The flash composite output index fell to 52.9 in May, posting a 16-month low. PMI fell from April's 53.0 reading, indicating a slowdown in the private sector growth, data from Markit showed on Monday. Services were steady at 53.1, missing expectations slightly while flash manufacturing was also weaker, falling to 51.5, down from April's 51.7. Although the flash PMI's are preliminary reports, there is evidence that the Eurozone growth might be tapering to 0.30% after rising 0.50% in the first quarter.
Greece Approves Additional Austerity Measures
Daily Analysis - 24/05/2016