Slowdown in euro area recovery at the end of the second quarter
June 21, 2024
The euro-area recovery slowed down at the end of the second quarter of the year, according to preliminary data from the PMI® survey. New orders fell for the first time in four months, leading to weaker business activity and employment growth. Business confidence fell to its lowest level since February. Input cost and output price inflation fell to six- and eight-month lows respectively.
