EZ factory final PMI confirmed at 45.8 in April
Eurozone factory activity was confirmed as contracting last month, although not as much as recorded in a flash estimate, according to survey data released on Tuesday.
The Purchasing Managers’ Index (PMI) compiled by S&P Global fell to 45.8 in April from March’s 47.3, just beating a preliminary reading of 45.5 but well below the 50 mark separating growth from contraction for a 10th consecutive month.
The output prices index fell to a 29-month low of 51.6 from 53.4 as demand stayed weak, despite input costs falling at the fastest pace since May 2020.
Reporting by Frank Prenesti for Sharecast.com.