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The expansion of the private sector of the Eurozone lost impulse in April, according to PMI

The expansion of the private sector of the Eurozone lost impulse in April, according to PMI
The expansion of the private sector of the Eurozone lost impulse in April, according to PMI

MADRID 6 May. (EUROPA PRESS) –

The growth of the activity of the euro zone companies was moderated the month of April, according to the compound PMI index, which dropped to 50.4 points from March 50.9, according to the Global and Hamburg Commercial Bank data.

Specifically, the PMI of the Euro zone services showed a practically stagnation situation, with a 50.1 points reading, compared to March 51, while the manufacturing PMI rebounded 49 integers from 48.6 of the previous month, although still in contractive territory.

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Among the countries analyzed, Ireland (54 points) and Spain (52.5) ​​were the economies that showed a greater rhythm of of the private sector, ahead of Italy (52,1) and (50.1), while the activity in France (47,8) continued to contract.

“The economic growth of the euro zone slowed in the month of the quarter, after having registered a rebound in the first three months of the year,” said Cyrus of the blonde, chief economist of Hamburg Commercial Bank, for whom the pressure of the costs in the services sector remains relatively high, although it has moderated slightly in the two months.

On its side, in the euro zone has reached a slight stabilization, since the decrease in templates in the manufacturing sector has been compensated “by the growth of employment in the services sector, although, in general,” there is still a remarkable reluctance to hire personnel, which is not surprising given the current uncertainty. “

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