Economics
Euro-Area Services, Manufacturing Growth Slowest in 5 Months
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European services and manufacturing growth slowed in May to the weakest in five months as economies from Germany to Spain and Italy reported faltering output.
A composite index based on a survey of euro-area purchasing managers in both industries fell to 55.8 from 57.8 in April, London-based Markit Economics said in a statement today. That’s above an initial estimate of 55.4 published on May 23. The index has been above 50, indicating growth, for 22 months.