Eurozone economy rises to the highest level since 2018

Data released by Markit today showed that the composite PMI that combines the industrial and service sectors in the euro area rose to 56.9 points in May compared to 53.8 points in April, its highest level since February 2018. The service PMI in 19 member states in the euro area rose to 55.1 points in May compared to 50.5 points in April, the highest level since June 2008, and the new orders index rose to 56.7 points in May compared to 49.7 points in April, the highest level since January of the year. 2018.

The manufacturing PMI in the euro area declined slightly to 62.8 points in May from 62.9 in April, and the output measurement index that feeds the composite purchasing managers fell to 61.9 points in May from 63.2 points in April.