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Euro zone recovery unexpectedly gathering pace in April - PMI
  + stars: | 2023-04-21 | by ( ) www.reuters.com   time to read: +2 min
April 21 (Reuters) - The euro zone economic recovery has unexpectedly gathered pace this month as the bloc's dominant services industry saw already buoyant demand rise, more than offsetting a deepening downturn in manufacturing, surveys showed. For example, the gap between the partly booming services sector on the one hand and the weakening manufacturing sector on the other has widened further." But it was a different story for the bloc's manufacturers who saw demand decline faster. The sector's headline PMI fell to 45.5 from 47.3, its lowest since the coronavirus pandemic was cementing its grip on the world three years ago. An index measuring output, which feeds into the composite PMI and had spent two months in positive territory, fell to 48.5 from 50.4.
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