Eurozone Private Sector Expands At Fastest Pace Since Early 2018

The euro area private sector activity grew the most in more than three years in May as economies continued to open up from virus restrictions, flash survey data from IHS Markit showed on Friday. The composite output index rose to 56.9 from 53.8 in the previous month. The score was expected to climb moderately to 55.1. The services Purchasing Managers' Index came in at 55.1 versus 50.5 a month ago.

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