German growth continues to accelerate

Growth in the eurozone’s private sector unexpectedly slowed in May, while growth in Germany continued to accelerate.

A Purchasing Managers Index slipped to 52.9 from 53 in April, London-based Markit Economics said yesterday.

Economists had predicted an increase to 53.2. A gauge for services activity held at 53.1, while one for manufacturing fell to 52.4 from 52.6.