For once, small but good:
Growth in European service industries, which account for about one-third of the euro-region economy, unexpectedly accelerated in May to the fastest pace in seven months.
An index based on a survey of about 2,000 purchasing managers of companies including airlines and banks compiled by NTC Research Ltd. for Reuters Group Plc rose to 53.5 from 52.8 in April. The median forecast by 27 economists surveyed by Bloomberg News was for a decline to 52.5. A reading above 50 indicates expansion.