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02.07.2018 08:04

Final Eurozone Manufacturing PMI at 54.9 in June, weakest expansion for one-and-a-half years

  • Final Eurozone Manufacturing PMI at 54.9 in June (Flash: 55.0, May Final: 55.5)

  • Growth of output and new orders slow further as upturn in new export business remains subdued

  • Supply chain pressure and rising oil prices take input cost inflation to four-month high

Chris Williamson, Chief Business Economist at IHS Markit said: "Eurozone manufacturing reported its weakest expansion for one-and-a-half years in June, with risks clearly tilted towards output growth waning further in coming months. "Production growth has weakened markedly since the end of last year, and new order inflows have slowed even more. Manufacturers may therefore need to rein-in their production further to adjust to the recent downturn in order book growth unless demand revives".

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