Eurozone business activity deteriorated further in May as the ongoing Middle East energy shock increasingly weighed on demand, confidence, and employment across the region. Flash Eurozone Composite PMI Output Index fell from 48.8 to 47.5, its lowest level in 31 months. Services PMI Business Activity Index dropped from 47.6 to 46.4, marking a 63-month low. […]The post Eurozone PMI Composite Falls to 31-Month Low, Signals -0.2% Q2 GDP Contraction appeared first on ActionForex.