Eurozone Services PMI was revised to 47.7 in May, but Spain held at 50.1 as France fell to 44.3, fracturing the eurozone growth picture. The ECB is set to raise the deposit rate to 2.25% on June 11, with 74 of 80 surveyed economists expecting the move.
Eurozone private sector activity contracted for a second straight month in May as the composite PMI fell to its weakest level in 18 months. Source
