Eurozone PMI reflected the ECB’s policy – News Economy

Print Composite PMI (Purchasing Managers Index, PMI) 19 euro-zone countries in June 2016 remained at the level of the previous month – 53.1 points, according to final data from research group Markit Economics

Preliminary estimates suggest a decline to 52.8 points. Index below 50 reflects a decrease in activity, above -. Increased activity

The index of business activity in the euro zone service sector in June fell to 52.8 points compared to 53.3 points in May. Preliminary estimates suggest a decline to 52.4 points

“Manufacturing output in June grew at the fastest pace in a year, and. (The rate of growth -. Ed.) Ahead of the service sector for the first time in the last three months . in the service sector activity grew at the slowest pace in nearly half a year “, – stated in the Markit report

Negative interest rates stimulate the banks in the most vulnerable countries of the euro area to provide more loans to consumers and businesses, as well as to spend surplus funds. on government bonds of other countries, he said earlier a member of the executive Board of the ECB Peter Prat

in addition, the Vice-President of the ECB Vitor Constancio noted that the regulator will continue its utmost within its competencies to achieve the medium-term inflation target -. below 2%.

Composite PMI in Germany fell from 54.5 in May to 54.4 points in June, reaching a minimum of 2 months. PMI service sector in June amounted to 53.7 (minimum 13 months) against 55.2 points in May.

The composite index of business activity in France fell from 50.9 points in May to 49.6 points in June. The indicator reached the lowest level in 4 months. PMI service sector fell to 51.6 points in May to 49.9 points in June, reaching a minimum of 3 months.

Consolidated German PMI fell from 54.5 in May to 54.4 points in June, reaching a minimum of 2 months. PMI service sector in June amounted to 53.7 (minimum 13 months) against 55.2 points in May.

“The data suggest that GDP growth will be only 0.3% (in the II quarter – Ed) “, -.. said Markit chief economist Chris Williamson

Economics 19 eurozone countries in I quarter 2016 increased by 0.6% compared with the previous quarter, according to the final data of the Statistical Office. European Union (Eurostat). GDP growth compared to January-March 2015 amounted to 1.7%.