Eurozone Flash PMI Composite Output Index edges up to 51.9 in April; Manufacturing dropped to its lowest level since August 2005; Service sector picked up; Price pressures intensified
Apr 23rd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The RBS/NTC Flash Eurozone Composite Output Index, based on around 85% of normal monthly survey replies, rose from 51.8 in March to 51.9 in April. Although indicating a very slight improvement in the rate of growth of private sector economic output, the pace of expansion remained weak and below the average seen during the first quarter of 2008, which had been the weakest since Q2 2005.