India, May 22 -- The euro weakened against other major currencies in the European session on Thursday, following the release of Germany's composite output index for May.
The Purchasing Managers' survey compiled by S&P Global showed that the German HCOB composite output index fell to a five-month low of 48.6 in May from 50.1 in April.
The services Purchasing Managers' Index hit a 30-month low of 47.2 in May, down from 49.0 in the previous month. At 48.8, the manufacturing PMI reached a 33-month high and up from 48.4 a month ago.
Meanwhile, the Ifo institute's business climate index for Germany rose to 87.5 in May from 86.9 in the previous month. The score was forecast to rise to 87.4.
In other economic news, the euro area private sector ...