India, May 22 -- The euro area private sector logged a renewed fall in May due to a sharp downturn in services activity, flash purchasing managers' survey compiled by S&P Global showed on Thursday.
The flash HCOB composite output index fell to 49.5 in May from 50.4 in April. The score fell below the 50.0 no-change mark for the first time in five months.
The reduction in output was centered on the services sector as manufacturing production rose moderately in May.
At 48.9, the services Purchasing Managers' Index was down from 50.1 in April. The score was forecast to rise to 50.4. On the other hand, the flash factory PMI climbed to a 33-month high of 49.4 from 49.0 in April.
"The eurozone economy just cannot seem to find its footing," Ham...