Eurozone service sector growth holds steady at slow pace in April as faster growth in Germany contrasts with weakness elsewhere; Spain reports record job cuts
May 6th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The RBS/NTC Eurozone Services Business Activity Index rose from 51.6 in March to 52.0 in April, coming in slightly above the earlier flash estimate of 51.8. However, the rise still indicated only a very modest acceleration in growth, with the rate of increase remaining weak by historical standards of the survey (and only slightly above the average reading for Q1, which had been the weakest quarter since Q2 2003).