Euro Zone Private Sector Activity Falls to 47.5 in May
Euro zone business activity fell to 47.5 in May as high energy costs hit demand. Firms cut jobs at the fastest rate since 2020 while inflation risks persist.
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Xurve View
Euro zone private sector activity fell to 47.5 in May, marking the sharpest contraction in over two years as energy costs stifled demand. The reading missed Reuters poll forecasts and signals a second consecutive month of shrinking output across the bloc. Investors face a stagflationary mix of recession risks and a likely 25-basis-point ECB interest rate hike in June.
