Skip to content
Monday, September 25, 2023
Business Store

Business Store

Us Business

  • business & finance
  • Business Store
  • business
  • business insider
  • business ideas
  • finance
  • About Us
    • Advertise Here
    • Privacy Policy
    • Contact Us
    • Sitemap
You are Here
  • Home
  • Euro Zone May Business Growth Robust but Outlook Darkens -PMI | Investing News
business

Euro Zone May Business Growth Robust but Outlook Darkens -PMI | Investing News

June 13, 20222 min read Theola Andreessen

[ad_1]

LONDON (Reuters) – Euro zone business growth was robust in May but is at risk of a slowdown from soaring living costs, supply chain disruptions and uncertainty surrounding Russia’s invasion of Ukraine, a survey showed.

S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a good gauge of economic health, fell to 54.8 in May from April’s 55.8, just shy of a preliminary 54.9 estimate. Anything above 50 indicates growth.

“Strong demand for services helped sustain a robust pace of economic growth in May, suggesting the euro zone is expanding an underlying rate equivalent to GDP growth of just over 0.5%,” said Chris Williamson, chief business economist at S&P Global.

“However, risks appear to be skewed to the downside for the coming months. The manufacturing sector remains worryingly constrained by supply shortages and businesses and households alike remain beset by soaring costs.”

A PMI covering the bloc’s dominant services industry dropped to 56.1 last month from 57.7, below the 56.3 flash estimate.

The sector had received a boost in recent months as most pandemic related restrictions were lifted and consumers returned to a more normal way of life and enjoyed going out again.

But the PMI suggests this demand is starting to wane and the services new business index fell to 55.0 from 56.6.

“There are also signs that the boost to the economy from pent-up demand for services as pandemic restrictions are relaxed is starting to fade,” Williamson said.

Companies scaled back their expectations for growth in the coming year, worried about supply shortages, rising living costs and tightening monetary conditions. The composite future output index fell to 59.9 from 60.5, one of its lowest levels since the pandemic took hold.

(Reporting by Jonathan Cable; Editing by Toby Chopra)

Copyright 2022 Thomson Reuters.

[ad_2]

Source link

"Ca Business Search, Amazon Business Login, Amazon Business Prime, Bank Of America Business Account, Best Business Schools, Business Attorney Near Me, Business Bank Account, Business Card Holder, Business Card Maker, Business Card Template, Business Cards Near Me, Business Casual Attire, Business Casual Shoes, Business Casual Woman, Business Plan Examples, Ca Sos Business Search, Capital One Business Credit Card, Chase Business Checking, Chase Business Credit Cards, Chase Business Customer Service, Chase Business Login", Chase Business Phone Number, Cheap Business Cards, Citizens Business Bank, Cox Business Login, Digital Business Card, Facebook Business Suite, Finance In Business, Free Business Cards, Google Business Login, Harvard Business School, Lands End Business, Massage Parlor Business Near Me, Michigan Business Entity Search, Mind Your Business, Mind Your Own Business, Ohio Business Search, Risky Business Costume, Skype For Business, Small Business Loan, Small Business Saturday 2021, Starting A Business, Texas Business Entity Search, Triumph Business Capital, Vending Machine Business, Verizon Business Customer Service, Vonage Business Login, Wells Fargo Business Account, Yahoo Small Business, Yahoo Small Business Login
Share
Facebook Twitter Pinterest Linkedin

Post navigation

How to Brainstorm Sales Enablement Content Topics
Credit Suisse Exec Fired After Video Showed Him Attacking Restaurant Staff

Related Posts

  • Digital Trends and Technologies Transforming CX in Banking and Finance

    September 22, 2023December 8, 2022
  • Top 10 Online Business Gurus (Some You May Not Have Heard Of)

    September 12, 2023December 8, 2022
  • The Relationship Between Insurance and Finance

    September 9, 2023December 8, 2022
September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Aug    

Archives

  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • November 2018
  • October 2018
  • December 2016

Categories

  • business
  • business & finance
  • business ideas
  • business insider
  • Business Store
  • finance
  • technology

Recent Posts

  • Guess What Your Business Needs? Working Capital and Small Business Finance Loan/Loans Options
  • Reasons Why Businesses Should Use Reusable Shopping Bags
  • Limited Liability Insurance for Small Business Info: A Brief Summary of LLP Insurance
  • Us Business News Today
  • Digital Trends and Technologies Transforming CX in Banking and Finance
Intellifluence Trusted Blogger

BL

buildinglink.buybacklinks.online/agence-seo

Tags

"Business Insurance Cover Coronavirus 5e Business Profit Ahron Levy Columbia Business School Att Business Login Business Business Consultant Certification Austin Business Letter With Logo Example Business Located Easy Location Business Platform Stocks Business Positions Seattle Business Regulation Legal Services Daystarr For Business Dimagi Business Development Toolkit Do Business Schools Accept Entreprenuers Enironmentall Friendly Business Ideas Eric Early Republican Business Owner Essec Business School Dean Essential Business To Remain Open Example Small Business Fall Winter Business Hours Template Fdot Woman Owned Business Certification First Business Women United States First Com Business Fixing A Damaged Reputation Business Florida Business Enforcement Free Small Business Communication Tool Law School Business Entity Outlines Mapping A Business Location Medical Business Trends Economics Mix Business And Personal Money Mlm Nit Small Business Legally Patricia Saiki Women'S Business 1990 Safety Business Proposal Sample Business Plan Entrepreneur S Corp Business Deductions Signs For Business On Roads Small Business Forums .Net Tech Monkey Business Ttu Business Cards Template Turbotax Business Nys Forms Uf Business School General Studies Yelp Business .Json Yelp Tax Attorney Small Business Your Business Department Zeus Panda Business Moel

Visit Now

White House

getlinko

getlinko

"The article must be 100% plagiarism-free, and your content should be at least 3 links. We are allowed all topics of articles which is related to SEO, marketing, advertising, blogging, and search engines. Some Rules: 1. The post will be permanent 2. Promotional articles are not acceptable 3. You have to provide at least 1500 to 2500 words, 100% unique, informative not promotional content 4. We can use only anchors like click here, read more, this website, your website name, brand name"

Related Article

finance

The Importance of Personal Finance Today

September 19, 2023December 8, 20223 min read
finance

Making Money Online: Creating Passive Income Through Information Products

September 16, 2023December 8, 20223 min read
finance

Finance to Consolidate Debts – The Solution to Your Debt Problems

September 11, 2023December 8, 20223 min read
finance

Creating a Paycheck for Retirement – A Series on Retirement Income Planning

September 5, 2023December 8, 20226 min read
portalmenschenpartner.xyz
Proudly powered by WordPress | Theme: Engage News by Candid Themes.

WhatsApp us