Euro zone June PMI data generally weaker than expected

Euro Zone June provisional PMI data has come in generally weaker than expected.

Sevices PMI has come in at 44.5, slightly down from 44.8 in May, and below the median forecast of 45.8.

Manufacturing PMI has come in at 42.4, up from 40.7 in May, and pretty much in line with the median forecast of 42.3.

Composite PMI has come in at 44.4, up slightly from 44.0 in May, but below median forecast of 45.2.