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Markit: Eurozone April PMI at fresh 6-year high

by ChemOrbis Editorial Team -
  • 25/04/2017 (15:52)
According to a flash purchasing managers’ index (PMI) released by Markit Economics, the Eurozone sustained its expansion in April and hit a fresh 6-year-high on the back of a growth in new businesses, manufacturing and services.

The flash PMI rose to reach 56.7 in April after a final reading of 56.4 recorded in March and hit the highest since the first quarter of 2011.

The data showed that the growth in incoming new business was close to the highest levels recorded in March, posting the second strongest monthly improvement in six years.

Also, manufacturing and services sectors continued to grow and hit the highest of six years. This helped job creation to expand in both sectors while manufacturing employment grew at the fastest pace seen since 2000.

The data showed that France posted the fastest growth of business activity seen since May 2011. However, the growth in Germany eased when compared to the previous months although it still expanded at a fast pace. Apart from France and Germany, growth of output in the other countries in the Eurozone reached the strongest pace of almost 10 years.
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