Mumbai, June 23 -- Flash PMI data from S&P Global showed that business activity across the eurozone continued to decline in June, marking the third consecutive month of contraction, although the pace of decline eased compared with May.
The S&P Global Flash Eurozone Composite PMI Output Index rose to 49.5 in June from 48.5 in May but remained below the 50.0 no-change level, indicating a further fall in private sector activity. However, the latest contraction was the mildest in the current three-month downturn.
Services activity continued to decline but at a slower pace, while manufacturing production expanded modestly. Among the region's largest economies, both Germany and France recorded declines in output. Germany posted its sharpest con...