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Eurozone PMI index in May turned out to be worse than forecast


June, 01 2020
watermark Economic news

According to the final assessment of the research organization Markit Economics, the index of business activity (PMI) in industrial production of 19 countries in the eurozone in May rose to 39.4 points from 33.4 points in April.


Analysts assumed that the indicator remained at the preliminary assessment level of 39.5 points.


The largest growth of the PMI index in May 2020 was recorded in Italy (45.4 points), Greece (41.1 points), France (40.6 points) and Austria (40.4 points). Germany, Europe's largest economy, had the lowest PMI growth (36.6 points).


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.