Germany leads Eurozone manufacturing’s best start to year since 2000: Greece contracts and Spain stagnates
May 3rd, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The final Markit Eurozone Manufacturing PMI (Purchasing Managers' Index) for April showed the second-strongest pace of expansion since August 2000, the latest reading surpassed only by February’s near-record high. The PMI rose to 58.0, up from 57.5 in March and above the flash estimate of 57.7. The April reading was also marginally above the Q1 average of 57.9, signalling the best start to a year since 2000. Growth was led by Germany while Spain slides closer to stagnation and Greece contracts.