The outlook for the eurozone is improving. The S&P Global Purchasing Managers’ Index rose for a third month.
Private sector business activity in the eurozone is at its highest level in more than a year, indicating a rapid renewal of the region’s economy. Bloomberg wrote this on Thursday, May 23.
The S&P Global Purchasing Managers’ Index rose for a third month. In May, it rose to 52.3 points, exceeding analysts’ forecasts.
The eurozone’s prospects are improving following a recession in the second half of 2023. As inflation approaches its 2% target, the European Central Bank plans to start cutting interest rates.
“At the moment we see a slight economic recovery in the eurozone. At the same time, inflation continues to decline. Therefore, there is reason to hope that we can return to price stability without a recession,” said the ECB’s executive board. member Isabelle Schnabel.
We remind you that in March, world food prices increased by 1.1% in March, which was the first increase in the last seven months.
Source: korrespondent
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