The final PMI Index for the manufacturing sector in the euro zone stood at 54.6 points in May compared to 55.5 in April, in a growth zone but at an 18-month low, and does not compensate for the rise in the PMI for manufacturing production, which rises to 51.3 (50.7 in April). Except for Germany and Spain, all countries are at lows and inflationary pressures reduce confidence.

“The fragility of the manufacturing sector in the euro zone was once again evident, as new orders received by manufacturers fell for the first time since June 20202, warns the report published today by S