The improvement slows down, but continues. In May the Eurozone composite PMI calculated by Markit Economics it stood at 53,5 points, down from the 54 points of the previous month and below the 53,9 points indicated in the preliminary estimate, but still above the fateful threshold of 50, which marks the boundary between expansion and contraction .
Despite the downward correction, Markit reports that “the Eurozone is staying on course aiming to achieve its best quarter of growth in three years”. In May, the press release reads, the manufacturing he “continued to lead the growth of production, despite the rate of increase of the latter and of new orders was the slowest in six months. In the tertiary, activity and new orders both increased at the fastest rate since June 2011.
As for theItaly, Markit reported a strengthening of services activity, with the SME services to 51,6 points, up from 51,1 in April and exceeding expectations by 51,5 points. Finally, on employment levels, the survey recorded further increases in Germany and Spain, while in Italy it reported a slight increase for the first time in three years. The French figure is still decreasing.
