Private sector activity in the Eurozone shows promising growth in May, driven by strong expansion in the services sector and a reduced contraction in the manufacturing sector. The services sector continued to expand this month, with the latest HCOB flash Services PMI survey, compiled by S&P Global, registering at 53.3. This figure is above the critical threshold of 50, which separates expansion from contraction. It matches the previous month’s 53.3 but is slightly below the anticipated 53.5. In the manufacturing sector, the rate of contraction eased, with the flash PMI rising to 47.4 from the …