Eurozone business activity slips in May

Eurozone business activity slipped slightly in May but held near a three-year high, suggesting a modest economic recovery remains on track, a closely watched survey showed on Thursday.
Markit Economics said its Eurozone Composite Purchasing Managers Index (PMI) for May, a leading indicator of overall economic activity, slipped to 53.9 points from 54 in April, coming at the second-highest level of the past three years, according to AFP.