Economics
Euro-Area Manufacturing Near Stagnation Signals Slowdown Ahead
An employee uses a yarn bobbin to separate lace strands inside a factory in Calais.
Photographer: Marlene Awaad/BloombergThis article is for subscribers only.
Manufacturing in the 19-nation euro area barely grew in May, damping confidence in the strength of the region’s economic recovery, according to Markit Economics.
A Purchasing Managers Index slipped to 51.5 from 51.7, the London-based company said on Wednesday. The reading is in line with a May 23 estimate and just above the 50 threshold that divides expansion from contraction.