Eurozone’s May CPI was a bit below expectations, helping the yr/yr rate slow to a 14-month low of 6.1% from 7.0% in April.
Eurozone’s May CPI 0.0% m/m (expected 0.6%; last 0.6%); 6.1% yr/yr (expected 6.3%; last 7.0%). May Core CPI 0.2% m/m (expected 0.8%; last 1.0%); 5.3% yr/yr (expected 5.5%; last 5.6%). April Unemployment Rate 6.5%, as expected (last 6.6%). May Manufacturing PMI 44.8 (expected 44.6; last 45.8)