The eurozone composite purchasing managers’ index (PMI), which encompasses both manufacturing and services, rose from 54.9 in March to 55.8 in April, hitting a seven-month high. , according to preliminary data released this Friday (22) by S&P Global.
The advance above the 50 mark shows that the block’s activity is expanding at a stronger pace this month.
In addition, the April preview surprised analysts consulted by Wall Street Journalwhich predicted a decline in the composite PMI to 53.9.
Only the euro zone services PMI rose from 55.6 to 57.7 over the same period, touching an eight-month high. In this case, the market consensus was to reduce it to 55.
On the other hand, the bloc’s industrial PMI dropped from 56.5 in April to 55.3 in May, reaching the lowest level in 15 months. The reading, however, was above analysts’ projection of 54.9.
Source: CNN Brasil
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