LONDON — A much-anticipated economic pick-up across the 19-country Eurozone does not appear to be materializing yet, if one closely-watched survey is anything to go by.

Financial information firm IHS Markit said Wednesday that its purchasing managers’ index for the eurozone — a broad gauge of business activity — fell in May to an 18-month low of 54.1 points from 55.1 the previous month.

Though any reading above 50 still points to growth, the drop reinforces the argument that a first-quarter slowdown may not have been merely a soft patch.

Continue reading LONDON | Eurozone economy’s slowdown may be longer than expected at STL.News.