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🇪🇺 Eurozone PMI holds at 52.2 for a fourth straight month as ECB hawks and doves split on June
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🇪🇺 Eurozone PMI holds at 52.2 for a fourth straight month as ECB hawks and doves split on June

Macro Soup Newsroom Macro Soup Newsroom 4 min read

The eurozone manufacturing PMI held at 52.2 for a fourth straight month, but the headline isn't the story. The ECB Governing Council is fracturing ahead of June, with Nagel signaling hike risk and de Guindos pushing back.

Line graph of Eurozone Manufacturing PMI and Services PMI indices
Eurozone Manufacturing and Services PMI indices (historical data up to 2023). Source

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