Eurozone: Mixed PMIs data - TDS

According to analysts at TD Securities, the April Flash PMIs of Eurozone were mixed, with the euro area Manufacturing PMI picking up slightly to 47.8 while the Services PMI slipped to 52.5.

Key Quotes

“In France, the Services PMI jumped to 50.5, its fastest pace in 5 months. In Germany, the Manufacturing PMI disappointed with a small increase to 44.5 and details suggest a relatively weak underlying picture as new export business and backlogs of work were lower.”