The upturn in the eurozone manufacturing sector showed further signs of cooling in May. Rates of expansion in output and new orders both slowed, with increases in employment and backlogs of work also losing momentum. Input cost inflation rose for the first time in four months, whereas the rate of increase in output charges slowed further. The final IHS Markit Eurozone Manufacturing PMI® posted a 15-month low of 55.5 in May, down from 56.2 in April.