Euro area manufacturing expanded at a record rate in May, led by continued solid growth in output and new orders, latest survey data from IHS Markit confirmed Tuesday.
The final Eurozone manufacturing purchasing managers' index, or PMI, rose to 63.1 in May from 62.9 in April. The flash reading for the index was 62.8.
The latest reading was the highest in the survey history for which data is available since June 1997.
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