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The S&P Global Eurozone Manufacturing PMI slipped to 51.3 in June 2026 from 51.6 in May, coming in just below market expectations of 51.6, according to preliminary estimates. While the sector remained in expansion territory for a fifth consecutive month, the pace of growth slowed for a second month in a row, as supply chain disruptions related to the conflict in the Middle East continued to restrain activity. Manufacturers were still supported by inventory building, with customers bringing forward purchases in anticipation of further price increases and potential supply problems, which helped underpin demand. Even so, there are growing indications that both price and supply pressures are beginning to ease. Meanwhile, employment continued to fall, and overall business confidence remained subdued.
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