The Eurozone's brief economic recovery has hit a wall. Recent data indicates a renewed downturn in activity and a surge in inflation.
Key indicators from the latest Flash Eurozone Composite PMI Output Index show a decline to 50.8, down from May's 52.2, marking a three-month low. The Services PMI also slipped to 52.6 from 53.2, while the Manufacturing PMI Output plummeted to 46.0 from 49.3, hitting a six-month low.
The numbers reveal a concerning trend for the region's economic stability.