23.05.201706:15:00UTC+00Eurozone PMI Implies Robust Economic Growth

The eurozone PMI implies that the economic activity in the region continues to improve at a rapid rate.

Data by Markit showed the purchasing managers' index remained at 56.8 in May, on par with the six-year peak recorded in April.

Europe's economic recuperation, which was spread to weaker areas in the region, was primarily attributed to easy credit, less expensive oil, and a devitalized euro in recent months.

Meanwhile, Germany's manufacturing PMI touched 59.4 and the Ifo business sentiment reached its all-time peak of 114.6. France's services PMI leaped to 58.0 this month.