Eurozone PMI Services Index Rises in May

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The IHS Markit Eurozone PMI Composite saw a noticeable bounce , experiencing its best level in the last three months. This was mainly led by Italy (3-month high), Germany (2-month high), France (3-month high), and shows encouraging signs that Eurozone economies bottomed in April, and the long projected economic recovery has in fact started. 
The Services Business Activity Index is particularly impressive – it rose from a horrific, record-low of 12 in April, to 30.5,…

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