Mumbai, July 1 -- At 49.5 in June, up fractionally from 49.4 in May, the HCOB Eurozone Manufacturing PMI, a measure of the overall health of eurozone factories compiled by S&P Global, reached its highest level since August 2022. Although still below the neutral 50.0 threshold, the latest reading signalled only a marginal downturn in manufacturing conditions.
Reduced staffing numbers and lower stocks of purchases were negative influences on the headline PMI in June, while rising production had a positive impact.
June data highlighted a sustained expansion of output levels across the euro area manufacturing sector, although there was a slight loss of momentum since May.
Encouragingly, total new work stabilised during the latest survey peri...