Europe
16:16, 21-Apr-2023
Euro zone economic recovery gathering pace in April: PMI
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The euro zone economic recovery has unexpectedly gathered pace this month as the bloc's dominant services industry saw already buoyant demand rise, more than offsetting a deepening downturn in manufacturing, surveys showed.
HCOB's flash Composite Purchasing Managers' Index (PMI), compiled by S&P Global and seen as a good gauge of overall economic health, jumped to an 11-month high of 54.4 in April from March's 53.7, data showed on Friday.
Source(s): Reuters
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Disinformation report hotline: 010-85061466