The euro-zone’s flash PMIs for May suggest that manufacturing output continues to be supported by the front-running of US tariffs. But the bigger picture is that the services sector weakened substantially in May and the survey suggests that overall the economy is stagnating.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services