FXStreet (Mumbai) – The final Markit Eurozone PMI report released today showed economic growth rose to a four-year high in June, as levels of new business and employment continued to expand at solid rates.
The composite output Index posted 54.2 in June, up from 53.6 in May, while the services index up 54.4 in June, up from 53.8 in May. Job creation in the service sector was registered for the eighth month running.
Divergence between input price and output price inflation rose
Input price inflation increased during the month, although the pace of inflation eased from May’s 29-month record. However, the output prices fell for the forty-third month running.
(Market News Provided by FXstreet)