Eurozone PMI Data May 2023

23 May 2023

The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index, registered expansion for a fifth consecutive month in May. Recording 53.3 compared to 54.1 in April, the flash reading signaled an easing in the rate of growth to a three-month low but the expansion was still robust and the third-strongest seen over the past year. HCOB Flash Eurozone Services PMI Business Activity Index is at 55.9 (Apr: 56.2), 2-month low. HCOB Flash Eurozone Manufacturing PMI is at 44.6 (Apr: 45.8) 36-month low. While growth surged in the service sector at the second-fastest pace seen over the past year, the expansion cooling slightly from April's high, manufacturing output contracted sharply, dropping at the fastest rate for six months. The resulting outperformance of services relative to manufacturing was the widest since January 2009.
Source: HCOB, S&P Global Eurozone PMI®
Post by: Republic of Türkiye Ministry of Trade