India, July 1 -- Eurozone manufacturing activity contracted at a slower pace in June as output showed a sustained expansion and total new work stabilized ending a 37-month period of decline, final survey data from S&P Global showed on Tuesday.
The HCOB manufacturing Purchasing Managers' Index posted 49.5 in June, up from 49.4 in May. This was the highest score since August 2022.
However, the score remained below the neutral 50.0 threshold, signaling contraction. The flash PMI score was 49.4.
The survey showed that total new work stabilized in June and companies expanded production for the fourth straight month. Order from export markets were unchanged in June, ending the continuous downturn seen since March 2022.
Hopes of a turnaround i...