According to IHS Markit, The Eurozone PMI continued growing at a slower pace than at the beginning of the year, due to the signs of a weaker increase in demand
The Preliminary Eurozone Composite Purchasing Managers' Index (PMI), suggested by by IHS Markit, remained at 55.2, unchanged from the previous month. Services PMI was at 55, two-month high, against 54.9 in March.
According to the report, the index growth increased in France and Germany, but both countries failed to reach the figure of February. In France, the Manufacturing PMI showed a weaker growth, In Germany – Services PMI.
“The April data are running at a level broadly consistent with eurozone GDP growth of 0.6% at the start of the second quarter”- Chris Williamson, Chief Business Economist, IHS Markit says, “The decline in the PMI from January's high is neither surprising nor alarming: such strong growth as that seen at the start of the year rarely persists for long”.