Euro area composite PMI still down in May…

Tuesday, 5 June 2012 03:49

Composite PMI for the euro area, prepared by Markit Economics, reached in May 2012 46.7 points.
Initial estimates indicated reading of 46.5 points.
PMI index value above 50 points indicates a revival in the economy.
PMI index, specifying the economic situation in the euro area services sector reached in May 46.7 points, down from 46.9 points in April.
Index is created on the basis of a survey conducted among 2,000 companies.
As for PMI defining prosperity in the services sector of Germany index stood in May at 51.8 points and France 45.1 points.