Eurozone Manufacturing PMI Slips to 51.3 in June as Middle East Disruptions Slow Growth

3 articles · Updated · TradingView · Jun 23

S&P Global’s flash eurozone manufacturing PMI fell to 51.3 in June from 51.6 in May, missing the 51.6 forecast and marking a second straight month of slower growth.
Middle East-linked supply chain disruptions continued to weigh on factory activity, even as manufacturers stayed in expansion for a fifth consecutive month.
Inventory building still supported demand, with customers buying ahead of expected price increases and possible supply shortages.
Employment kept declining and business sentiment remained weak, though price and supply pressures showed early signs of easing as input-cost inflation slowed and selling-price increases moderated.

Sources

Center83%

Right17%

With price pressures already easing, will the ECB's first rate hike since 2023 trigger an unnecessary recession in the Eurozone?

Can the EU's green energy plan deliver independence before the next geopolitical shock paralyzes its economy?

What caused the 'US and Israeli attacks on Iran' that shut down the world's most critical oil chokepoint?