Provisional PMI® survey data for June signalled a further reduction in business activity across the eurozone's private sector amid sustained falls in new orders. A slight drop in employment was also recorded again. Meanwhile, there were signs of inflationary pressures softening, with input costs rising at the slowest pace since the outbreak of war in the Middle East and output charges increasing at the weakest rate in three months. Manufacturers continued to signal sharply lengthened suppliers' delivery times, while the recent spell of rising purchasing activity came to an end. Most of the responses used in the ... (full story)