Eurozone Preliminary Manufacturing PMI declines to 45.6 in June vs. 47.9 expected

• Eurozone Manufacturing PMI dropped to 45.6 in June, missing 47.9 estimate.
• Bloc’s Services PMI dipped to 52.2 in June vs. 53.5 anticipated.
• EUR/USD keeps losses below 1.0700 after German, Eurozone PMI data.

The Eurozone manufacturing sector downturn gathered momentum again while the services sector activity deteriorated in June, according to the data from the HCOB's latest purchasing managers index survey published on Friday.

The Eurozone Manufacturing Purchasing Managers Index (PMI) dropped from 47.3 in May to 45.6 in June, missing the market forecast of 47.9.