Eurozone manufacturing activity strengthens

|By:, SA News Editor

Eurozone manufacturing PMI increased to 53.4 (flash 53.3) in April from 53 in March.

All the nations covered indicated factory sector growth, which, says Markit "highlights how the recovery is becoming more broad-based."

German growth accelerated, while Irish PMI hit a 38-month high and that of Italy a 36-month high, with exports out of Spain and Italy growing strongly. In contrast, France's export performance was mediocre.

The euro is -0.1% at €1.3856. (PR)

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