Eurozone manufacturing PMI showed output ended 1H on a strong note, capping the
strongest quarter since early 2022. June PMI slipped to 51.4 from 51.6 in May, a
four-month low but the fifth consecutive month above 50.0 and slightly above the
preliminary 51.3. Export weakness pulled overall activity growth to its weakest
since February, but continued manufacturing output growth and a marked easing in
cost pressures—mainly due to a sharp fall in oil prices and reduced supply
concerns—gave factories some relief and helped offset recent service weakness.
