Euro-Zone Private Sector Defies Tariffs to Grow Slightly in May

The euro area’s private sector grew slightly in May, remaining more resilient than initially estimated to the uncertainty created by erratic US trade policies.

The Composite Purchasing Managers’ Index by S&P Global dropped to 50.2 from 50.4 in April, remaining just above the 50 threshold separating growth from contraction, data Wednesday showed. An initial reading came in at 49.5.