Markit Economics released final services purchasing managers' index (PMI) for the Eurozone on Friday. Eurozone's final services purchasing managers' index (PMI) rose to 53.3 in May from 53.1 in April, up from the preliminary reading of 53.2.

The increase was driven by rises in employment and input prices.

Eurozone's final composite output index increased to 53.1 in May from 53.0 in April, up from the preliminary reading of 52.9.

The increase was mainly driven by a rise in output.

"The final PMI numbers for May have come in slightly ahead of the earlier flash readings, but still point a Eurozone economy which seems unable to move out of low gear," Chief Economist at Markit Chris Williamson said.

"The survey data are signalling a GDP rise of 0.3% in the second quarter, suggesting the growth spurt seen at the start of the year will prove frustratingly short-lived," he added.