Stronger Growth And Lower Inflation: Our Key Takeaways From The Eurozone Flash PMI

Summary

• Business activity in the euro area rose for a third successive month in May, the rate of growth accelerating to a one-year-high.
• Price pressures cooled, with services sector inflation - the recent stickiness of which has been a major concern for policymakers worried about sustained elevated inflation.
• Employment increased across the eurozone for a fifth month in a row in May, after two months of marginal declines at the end of 2023.

Maks_Lab

By Chris Williamson

Business activity in the euro area rose for a third successive month in May, the rate of growth accelerating to a one-year high, according to the provisional 'flash' PMI® survey data. At the same time, price pressures cooled, with services sector inflation - the recent