A hu

Eurozone purchasing managers index (PMI) figures are rolling out today, giving us an idea of how the service sector did in May.

The key takeaway is that while growth is slowing, jobs are booming.

The Eurozone composite reading, which includes both manufacturing and service sector estimates, shows job creation is at a four-year high thanks to the 'big-four' - France, Germany, Spain and Italy.

The PMIs are widely watched business surveys that attempt to signal the way a sector is going before it is recorded by official data.

Anything above 50 signals growth, the higher the better.

Here's what we have:

• Spain at 58.5. That's down from 60.3 in April, an eight year high, and below analyst expectations of 59.3. But it still marks the 19th straight month of growth for Spain's service economy, which includes everything from banking to social work and accounts for around half of Spain's economy. Markit, who compile the data say service sector employment is at its best rate since 2007 too.
• Italy at 52.5. That a miss compared to analyst estimates of 52.7 and down on last month's figure of 53.1.
• France at 52.8. That's up from last month figure of 51.6. France's composite PMI reading, which covers services and manufacturing combing, also beat expectations, coming in at 52 against forecasts of 51.6.
• Germany at 53. Economists had forecasts no growth, with the reading holding steady at April's figure of 52.9.
• Eurozone overall is at 53.8. That's another beat - analysts had forecast a flat figure of 53.3. The composite figure also came in above expectations at 53.6.