Eurozone PMI Reaches Seven-Month High, German PMI Falls in April

S&P Global announced that the Purchasing Managers’ Index (PMI) for the eurozone’s manufacturing and primary services sectors was 55.8 in April, up from 54.9 in March and the highest level in seven-month.

The PMI index remains above the 50 mark, indicating that the eurozone corporate sector continues to expand. This was supported by the services sector, which became active again after many countries eased their policies to curb COVID-19.

The primary services PMI rose to 57.7 in April, an eight-month high from 55.6 in March. The preliminary manufacturing PMI index fell to 55.3 in April, the lowest level in 15 months, from 56.5 in March.

The Purchasing Managers’ Index (PMI) for the manufacturing and primary services sectors in Germany was 54.5 in April, down from 55.1 in March.

The index above 50 indicates that German economic activity is expanding. However, it has been squeezed by the manufacturing sector due to supply chain problems. Demand for the product has also declined.

The primary services PMI was 57.9 in April, an eight-month high, up from 56.1 in March.

The manufacturing PMI was 54.1 in April, a 20-month low, down from 56.9 in March.

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