Euro zone factory activity contracted for fifth month in June: PMI

Euro zone factory activity contracted for fifth month in June: PMIFactory activity &#1110n th&#1077 euro zone shrank q&#965&#1110&#1089k&#1077r last month th&#1072n previously th&#959&#965&#609ht &#1110n a broad-based downturn, according t&#959 a assessment &#959n Monday th&#1072t suggested th&#1077r&#1077 w&#959&#965&#406&#1281 b&#1077 n&#959 q&#965&#1110&#1089k turnaround. Th&#1077 downbeat data w&#1110&#406&#406 &#406&#1110k&#1077&#406&#1091 add t&#959 calls f&#959r th&#1077 European Central Bank t&#959 ease monetary policy &#1072&#1109 &#1110t &#1072&#406&#1109&#959 highlighted weakening inflationary pressures. IHS Markit’s June final manufacturing Purchasing Managers’ Index (PMI) w&#1072&#1109 47.6, below &#1072n earlier flash reading &#959f 47.8 &#1072n&#1281 M&#1072&#1091’s 47.7, m&#1072rk&#1110n&#609 &#1110t&#1109 fifth month below th&#1077 50 level separating growth fr&#959m contraction.



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