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Eurozone Manufacturing PMI Falls to 51.6 in May

Created at 1 Jun · 8:07 AM3 sources↑ Market-relevant3 events
IN SHORT

The Eurozone's manufacturing Purchasing Managers' Index (PMI) decreased to 51.6 in May, down from 52.2 in the previous month. This figure surpassed the preliminary estimate, indicating a slight slowdown in manufacturing activity.

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Key Numbers

51.6Eurozone May manufacturing PMI
52.2Eurozone April manufacturing PMI

Who's Involved

Eurozone
region reporting manufacturing PMI data

↳ Why This Matters

The Manufacturing PMI is a key indicator of the economic health of the manufacturing sector. A reading above 50 indicates expansion, while a reading below 50 indicates contraction. The Eurozone's manufacturing sector is a significant component of its overall economic output.

Key facts

  • Eurozone manufacturing PMI fell to 51.6 in May.
  • The previous month's PMI was 52.2.
  • The May figure exceeded the preliminary estimate.

The Manufacturing PMI is a key indicator of the economic health of the manufacturing sector. A reading above 50 indicates expansion, while a reading below 50 indicates contraction. The Eurozone's manufacturing sector is a significant component of its overall economic output.

Frequently asked questions

The Eurozone Manufacturing PMI is a survey-based index that measures the economic health of the manufacturing sector in the Eurozone. It is a key indicator of economic activity.

A reading of 51.6 indicates that the manufacturing sector is still expanding, but at a slower pace than the previous month's reading of 52.2.

The final May figure of 51.6 was better than the preliminary estimate, suggesting the slowdown was not as severe as initially anticipated.

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Cadence
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How It Developed

1 Jun · 8:47 AM
Eurozone May manufacturing PMI fell to 51.6, beating the preliminary estimate.
Seeking Alpha via PiQSuite
1 Jun · 8:18 AM
The new article specifies the M3 Money Supply value for April was 17 billion, matching the previous month.
Economic And Earnings Data via PiQSuite
1 Jun · 8:04 AM
The M3 Money Supply grew by 2.7% in April, falling short of the 3.3% forecast and the previous 3.2%.
Economic And Earnings Data via PiQSuite

Sources

T1
M3 Money Supply (Apr) $EUR Actual: 2.7% 🔴 Forecast: 3.3% Previous: 3.2%m.piqsuite.com
T1
M3 Money Supply (Apr) $EUR Actual: 17B Previous: 17Bm.piqsuite.com
T1
Eurozone May manufacturing PMI drops to 51.6 from 52.2, beating preliminary estimatem.piqsuite.com

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