The growth of the activity of the private sector in the euro zone moderated in June to a minimum of the last 16 months as a result of the impact of price increases and the deterioration of economic expectations, fueling the risk of “decline” for the economy of the bloc during the summer months leading to a recession.
Specifically, the composite PMI for the euro zone stood at 52 points in June, compared to 54.8 the previous month, its worst reading in 16 months, after the service sector data fell to 53 integers from 56 May 1, at lows of five
