Economic growth in the euro area accelerated in April

By: Trademagazin editor Date: 2022. 05. 04. 10:02

Growth in the euro area’s economic performance accelerated in April, according to final data from the Purchasing Managers’ Index of the IHS Markit in London on Wednesday.

Accelerated economic growth in the euro area

In April, two of the three euro area purchasing managers’ indices (PMIs) strengthened.

Manufacturing PMI, released on Monday in April, fell to a 15-month low of 55.5 points, down from 56.5 points in March. The BMI in the service industry strengthened to 57.7 points, an eight-month high from 55.6 points in March. (MTI)