FX.co ★ Eurozone Factory Slump Eases as PMI Hits 33-Month High

The HCOB Eurozone Manufacturing PMI slightly increased to 49.4 in May 2025 from 49.0 in April, surpassing market expectations of 49.3, according to preliminary estimates. This figure marks the slowest contraction in the manufacturing sector since August 2022, largely due to a modest rise in output and a stabilization of new orders, breaking a three-year trend of continuous decline. Employment levels indicated resilience with the slowest rate of decline in the past year. On the inflation side, input costs decreased for the second consecutive month, experiencing their steepest drop since March 2024, while selling prices decreased for the first time in three months.