2026.06.0308:00:00UTC+00Eurozone Services PMI Edges Higher in May but Remains in Contraction

The HCOB Eurozone Services Purchasing Managers’ Index (PMI) in May 2026 inched up to 47.7 from the previous reading of 47.6, according to data updated on 3 June 2026. While the marginal increase suggests a slight improvement in business activity in the services sector, the indicator remains below the 50-point threshold that separates expansion from contraction.

The latest reading indicates that service providers across the Euro Zone are still experiencing a downturn, albeit at a slightly slower pace than previously. The modest uptick may hint at stabilizing conditions, but it also underscores that the sector has yet to shift back into growth territory. Investors and policymakers will be watching upcoming releases closely for signs of a more decisive recovery in Eurozone services activity.