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Eurozone flash PMI shows threat of slowdown

May 23, 2016 5:22 AM ETBy: Yoel Minkoff, SA News Editor
  • Eurozone business growth held steady in May, the latest evidence to suggest a strong acceleration in growth in the first three months of the year was only temporary.
  • Markit's flash Composite PMI edged down to 52.9 from April's 53.0, marking the lowest level since the start of 2015.
  • "This is an all-round disappointing picture. There are some pockets of growth but producers across the region are struggling," said Chris Williamson, chief economist at Markit.

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