India, June 4 -- Euro area private sector expanded for the fifth straight month in May, but the upturn was only fractional and the slowest in three months, final results of the purchasing managers' survey by S&P Global showed on Wednesday.
The final HCOB composite output index fell to 50.2 in May from 50.4 in April. However, the score was above the threshold 50-mark and also the flash estimate of 49.5.
The survey showed that manufacturing was the primary engine for growth as services activity contracted for the first time since last November.
The HCOB services Purchasing Managers' Index dropped to 49.7 in May from 50.1 in April. Nonetheless, the PMI reading was above the flash estimate of 48.9.
New business intakes extended its decline ...