The Euro zone composite final Markit PMI output is at 46.9 in April, up fromMarch's four-month low of 46.5, the Eurozone PMI Composite Output Indexwas slightly above its earlier flash estimate of 46.5. Eurozone manufacturingproduction and service sector business activity both contracted at similarlymarked rates in April.
Overall output has now declined throughout the past 15 months, although the easing in the rate of decline signaled by the headline index was the first since January. Eurozone manufacturing production and service sector business activity both contracted at similarly marked rates in April. Output contracted across the four largest euro nations. Ongoing steep downturns were signaled in Spain, France and Italy, although rates of decline eased in the latter two. Germany also slipped back into contraction for the first time since November 2012, with renewed declines signaled by manufacturers and service providers alike. Growth strengthened in Ireland, as a solid upturn in the service sector offset weakness at manufacturers.
Source by Commodity Insights
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