Two-speed Euro Zone Economy as Services Shine, Factories Struggle

27 April 2022

Euro zone business growth unexpectedly accelerated this month, with the bloc's dominant services sector seeing a sharp increase in activity as consumers shrugged off soaring prices, a survey showed.

Manufacturers, however, struggled as supply chain disruptions caused by the pandemic have been exacerbated by Russia's invasion of Ukraine and renewed lockdowns in China.

S&P Global's Flash Composite Purchasing Managers' Index, seen as a good gauge of overall economic health, rose to 55.8 in April from 54.9 in March, confounding expectations in a Reuters poll for a fall to 53.9.

Source:  Reuters
Post by: Republic of Turkiye Ministry of Trade