The European Central Bank (ECB) has reported worsening growth indicators for the eurozone’s second quarter, based on May’s flash Purchasing Managers' Index (PMI). The composite PMI fell further in May, remaining in contractionary territory for the second consecutive month. This suggests a continued decline in economic activity across the eurozone. The ECB’s assessment points to a weakening economic outlook, raising concerns about a potential recession. The PMI data is a key indicator used to gauge the health of the manufacturing and service sectors. Further details and a comprehensive analysis will be released in subsequent reports. This downturn impacts both manufacturing and service industries within the Eurozone economy.