Eurozone manufacturing PMI slips to 4-month low of 51.4

The eurozone manufacturing sector showed a slight loss of momentum in June, with the S&P Global Manufacturing PMI slipping to 51.4 from 51.6 in May, marking a four-month low but still remaining above the 50 threshold that separates expansion from contraction. The report also indicated that new orders returned to growth after stagnating in May, though the increase was only marginal. Overall, the data suggests the bloc’s industrial recovery is still fragile and uneven, which may temper optimism about the pace of Eurozone growth and keep pressure on policymakers to monitor the sector closely.