Fears eased today with the resilient growth in industries in the euro area as the nation struggles to contain its fiscal imbalances while the central bank fights inflation.

The flash April PMI estimate reflected the overall positive sentiment with the industries expansion as the composite PMI index rose to 57.8 from 57.6 and beat the expected 57.0.

The manufacturing growth expanded to 57.7 from 57.5 beating the expected 57.0, while services PMI was affected and slowed to 56.9 from 57.2 worse than the expected 56.9.