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EuronewsThe S&P Global Flash Eurozone Composite PMI Output Index dropped to 47.5 in May from 48.8 in April. The reading marks the second consecutive month below the 50 threshold that separates expansion from contraction.
A survey showed UK business activity fell in May for the first time in more than a year. Domestic political uncertainty and effects from the Middle East war contributed to the decline.
U.S. business activity showed signs of recovery in April, according to a survey. The report indicated that ongoing conflict with Iran contributed to rising prices. The findings highlight recent economic trends in the United States.