Eurozone Services PMI Drops to 3-Month Low as Germany’s Growth Slows
Europe’s services sector activity slowed to a three-month low in May, with Germany’s PMI dropping to 52.2—the weakest reading since February—while the U.S. ISM Services Index rose to 58.9, signaling expansion despite labor shortages and supply chain frictions. The data, released June 3, underscores diverging growth trajectories as the Eurozone grapples with domestic demand pressures … Read more