There is economic buzz in Eurozone: manufacturing PMI falls to 45.1 In may

Manufacturing activity in the 17-nation euro zone shrank at the fastest pace in three years in May, according to the Markit purchasing managers index for the sector released Friday. The index fell to 45.1 from 45.9 in April and was little changed from a preliminary estimate of 45.0. A reading of less than 50 signals a contraction in activity. The data indicates the sector is contracting at a quarterly pace of around 1%, Markit said.

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