LONDON (MarketWatch)
A closely watched gauge of June business activity in
the euro zone remained near May's 35-month low, preliminary estimates from
Markit Economics showed Thursday
The Markit euro-zone purchasing managers
composite output index matched May's 46 reading, which means that the June
contraction has remained at the steepest level since June 2009
Markit's flash
reading of euro-zone manufacturing PMI, a measure of manufacturing activity in
the 17-country single-currency area, declined to 44.8 in June, from 45.1 in May
Flash euro-zone manufacturing PMI output, meanwhile, hit a 37-month low for the
period
Chris Williamson, chief economist at Markit, said: "The flash PMI for
June rounded off the weakest quarter for three years."
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