Eurozone business activity declined in April

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Markit Economics has published preliminary data on the level of business activity in the industry and services of the eurozone in April. The composite PMI for this month was 51.3 points, down from March's value of 51.6 points. The service sector index dropped to 52.5 points from 53.3 points while the experts had predicted a decline to 53.2 points. In industry, the index rose to 47.8 points from 47.5 points. Economists estimate that its value was expected at the level of 47.9 points. Preliminary data also indicated that Germany’s composite PMI in April was at 52.1 points, up from 51.4 points in March. In France, the composite index of business activity also showed an increase, having increased from March value of 49.1 points to 50.5 points.

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