The Eurozone economy remained largely unchanged in June, marking a second month of stagnation, as services edged up slightly and manufacturing showed no growth, survey data on Monday indicated.
The early reading of the Eurozone composite Purchasing Managers’ Index assembled by a top global firm and seen as a strong measure of growth held steady near 50 this month
That was barely above the mark separating growth from contraction and below expectations in a poll for around 50.5.
Business activity in Germany returned to expansion, driven by a rebound in manufacturing that posted its strongest surge in new orders in over three years.
In Britain, outside the currency union, business expand modestly as new orders showing growth for the first time in 2025 but employers cut jobs more quickly and worried about geopolitical conflict.
After May’s final 49.7 reading, the services PMI moved up to the neutral threshold.
Confidence in the services sector improved as the business expectations index jumped to roughly 58 from 56, marking its highest level in four months
The main manufacturing index, which has lingered below 50 since mid‑2022, stayed at May’s 49.4 defying predictions of a lift to 49.8
The output component of the composite PMI fell from 52 to near 51
In May Eurozone inflation fell short of the central bank’s goal and the bank suggested halting further policy easing following its eighth deposit rate cut this month.
One of the leading officials said last week that the bank remains committed to doing whatever it takes to finalize its nearly completed inflation goal
