Business growth in the euro zone decelerated last month despite price cuts from companies, according to a new survey.
Markit’s composite Purchasing Managers’ Index stood at 53.6 in May, above a previous flash reading of 53.4 and below April’s 53.9. The 50 mark separates growth from contraction.
Chris Williamson, Markit’s chief economist, said that euro zone growth “lost some of the wind from its sails” in the month, with both growth of output and...
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