Eurozone business activity deteriorated further in May, adding to concerns that the region could slip into contraction in the second quarter. The final Composite PMI Output Index fell from 48.8 to 48.5, its lowest level in 18 months. PMI Services edged up slightly from 47.6 to 47.7. Although the services reading improved marginally, both indicators […]The post Eurozone PMI Composite Signals 4% Inflation and GDP Contraction. ECB Faces Tough Choice. appeared first on ActionForex.