Euro-Area Services, Manufacturing Shrink Less Than Estimated

Euro-Area Services, Manufacturing Shrink Less Than Estimated

Balint Porneczi/Bloomberg

An employee uses scissors to cut a section of leather hide used during the manufacture of handmade luxury gloves at the Causse Gantier factory in Millau, France. A measure of euro-area manufacturing output released on May 2 showed the industry contracted for a 21st straight month in April.