Euro Zone Factory Growth Slows as Input Costs Surge
The S&P Global Eurozone Manufacturing PMI fell to 51.6 in May as supply chain disruptions and rising energy prices pushed input costs to their highest level since 2022. Stagnating demand and falling export orders have slowed factory output growth to a four-month low.
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S&P Global Eurozone Manufacturing PMI Index fell to 51.6 in May from April's 52.2 reading as input costs reached a four-year high. The index remained above the 50.0 threshold separating expansion from contraction. Rising energy prices and stagnant demand create a stagflationary environment that complicates the European Central Bank's upcoming rate decisions.
