Euro Area sectors continue to expand in April

By @ibtimes on

The final revision for the euro area Composite PMI confirmed the continued expansion in the area despite slowing conditions in the services sector on high prices and inflation.

The Composite Index was unrevised as expected at 57.8 in April rising marginally from March's 57.6 bolstered by the quickening expansion in the manufacturing sector reported on Monday.

The manufacturing sector offset the lost momentum in the services sector, where the PMI services index was revised lower to 56.7 from 56.9 easing the expansion from 57.2 but remains strong with the index well above 50.

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