News Column

Eurozone Recession Eases: Markit Index

May 23, 2013

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.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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