Eurozone Preliminary Manufacturing PMI rises to 49.4 in May vs. 49.3 expected

• Eurozone Manufacturing PMI rose to 49.4 in May, beating the 49.3 forecast.
• Bloc’s Services PMI dropped to 48.9 in May vs. 50.3 estimate.
• EUR/USD holds losses above 1.1300 after German, Eurozone PMI data.           

The Eurozone manufacturing sector remained in contraction, while services sector also followed suit in May, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday.

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