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InstaForex - Official partner of Dragon Racing

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2014.06.2305:20:00UTC+00Eurozone Private Sector Growth At 6-Month Low

Eurozone economic growth slowed for a second month running in June, easing to the weakest since December, survey data from Markit Economics showed Monday.

The headline index covering output of both manufacturing and services fell to 52.8 from 53.5 in May. The score was above the neutral 50 mark, but below economists' forecast of 53.4

Although the survey suggested a slowdown, the average Purchasing Managers' Index reading for the second quarter as a whole was the highest since the second quarter of 2011.

The services PMI dropped unexpectedly to 52.8 in June, from 53.2 in May. The score was forecast to rise to 53.3.

Meanwhile, the manufacturing PMI fell to 51.9 from 52.2 in the prior month. The expected reading was 52.1.

"The June PMI rounded off the strongest quarter for three years, but a concern is that a second consecutive monthly fall in the index signals that the eurozone recovery is losing momentum," Chris Williamson, chief economist at Markit said.

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