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- Eurozone's final manufacturing PMI is down to 52.0 in April
Eurozone's final manufacturing PMI is down to 52.0 in April
Markit Economics released its final manufacturing purchasing managers' index for Eurozone on Monday. Eurozone's final manufacturing purchasing managers' index (PMI) fell to 52.0 in April from 52.2 in March, up from a preliminary reading of 51.9.
A reading above 50 indicates expansion in activity.
"The Eurozone manufacturing sector continued to grow in April, but the dip in the rate of expansion will serve to check recent optimism that the ECB's quantitative easing programme has bought a guaranteed ticket to recovery for the region," the Chief Economist at Markit Economics Chris Williamson said.
Ireland and Spain were the top performers in April, while France's and Greece's manufacturing activity contracted due to falling production and job cuts.
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