Euro Area PMI saw the manufacturing slump continue while the service sector showed signs of easing. Early warning signs or a pause before a busy summer?
EURO PMI DATA: Euro Area PMI data remains in contraction territory but displays positive signs as downturn eases and prices cool. Could this be the start of a larger a trend?
Separate data release on Monday painted a mixed picture for the euro area, but economists continued to assess that the single currency bloc is sliding into recession, as the European Central Bank prepares for another interest rate hike next week.