Eurozone's business activity expanded fastest in a year in April, led by services industry.

Eurozone's business activity experienced its fastest expansion in nearly a year in April, primarily driven by the resurgence of services industry. The Composite Purchasing Managers' Index (PMI) increased to 51.7 in April from 50.3 in March, with services PMI rising to 53.3, its highest since May 2021. The manufacturing sector saw a downturn, but overall optimism about the year ahead remained buoyant.