The purchasing managers index compiled by S&P Global has dropped to a five-month low Business activity growth in the euro area slowed in June amid lingering fears of the impact of higher interest rates and concerns over demand growth, data compiled by S&P Global showed. According to the calculations, the Eurozone’s flash composite Purchasing Managers’ Index (PMI) plunged to 50.3 in June from 52.8 in the previous month. A PMI reading over 50 indicates growth or expansion of business activity, while a reading below this threshold suggests contraction. The indicator is now at its lowest in five months. “Eurozone busi
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