Eurozone growth to a minimum: the worst since the last 18 months

Eurozone growth slips to lows recorded in the last 18 months. The figure emerges from the report produced by Markit, the global provider of financial information services, which emphasizes that the Flash Eurozone PMI Composite index of production stops at 52, 8 points against the 53.1 recorded in May.

The value is the minimum for 17 months now. The PMI flash estimate of Eurozone Tertiary activity is estimated in June to 52.4 points against 53.3 in May, a minimum of 18 months.

The flash estimate of the Manufacturing PMI rose to 52.6 (51, 5 May), maximum of six months, while the Flash Manufacturing PMI in the euro zone comes to be estimated in June to 53.8 (52.4 in May), maximum value of 6 months.

France slips below the threshold of 50 that indicates contraction namely 49.4 points from the previous 50.9, reaching the lowest level for four months now, Germany with 54.1 points in May from 54.5 reaches the lower threshold from two months to this part.

Commenting on the data, Chris Williamson, Chief Economist at Markit said. "It seems that political uncertainties have caused the slight weakening of growth and deteriorating prospects about future activity. Probably so that at the end of the second quarter we will see a slowing economic growth until it reaches a value of about 0.3%, after the strong growth of 0.6% observed in the first quarter of the year. the good news is that demand is growing at a sufficiently high rate can sustain reasonably the increase in new staff hired, but not strong enough to generate inflationary pressures. "