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Eurozone Private Sector Growth Accelerates In April

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The euro area private sector economy expanded further in April driven by gains in both manufacturing and service sectors, final data from IHS Markit showed on Wednesday.

The composite output index rose to 53.8 in April from 53.2 in the previous month. The flash reading was 53.7. A score above 50 signals expansion in the sector.

Manufacturing output advanced at a rate little-changed from March's survey record. At the same time, services output returned to growth following seven months of continuous contraction.

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