Eurozone business activity reached an 11-month high in April, driven by services and Germany's growth, with PMI at 51.4.

Eurozone business activity reached an 11-month high in April, driven by a robust services sector and Germany's return to growth, according to S&P Global's purchasing managers' index (PMI). The Euro area's PMI increased to 51.4 in April, exceeding the 50.7 predicted by economists and indicating expansion for a second month. Germany's private sector activity rose for the first time in 10 months, with services leading the growth, while manufacturing continued to shrink at a slower pace.

April 23, 2024
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