The economic downturn in the eurozone eased in May,
a key economic indicator released Thursday showed.
The London-based research group Markit said its closely watched Purchasing Managers Index for the region's manufacturing and service sectors rose to a three-month high of 47.7 points in May from 46.9 in April.
The May index was higher than the 47.2 points forecast by analysts.
However, a reading below 50 points marks a contraction.
Most Popular Stories
- Homeowners More Satisfied With Mortgage Servicers
- Discounts Help U.S. Auto Sales Sizzle in July
- Russia, Ukraine Now Face Off Over Football Clubs
- Colorado Issuing Immigrant Driver's Licenses
- Recruiting and Keeping the Perfect Employee
- MassMutual Teams Up With ALPFA
- Chrysler U.S. Sales in July Hit 9-Year High
- Fiat Looks Abroad After Chrysler Merger Vote
- Obama Vows to Veto House Immigration Bill
- Dow Wipes Out Gains for the Year: What Happens Now?