Eurozone private sector activity expanded at the fastest pace in nearly a year in April, driven by the reviving demand in the service sector and was accompanied by a sharp increase in employment amid a moderation in inflationary pressures and resilient business confidence, the results of the latest purchasing managers' survey by S&P Global showed Friday.
The seasonally adjusted HCOB flash composite output index rose to 54.4 in April from 53.7 in the previous month. The score was expected to remain steady at 53.7.
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