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Euro Zone Business in Services-Led Bounce in April, PMI Survey Shows

Euro Zone Business in Services-Led Bounce in April, PMI Survey Shows
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City ofUnited kingdomChristina fincherDon lisanderEconomist at hamburg commercial bankMilan novemberPurchasing manager indexCyrus de la rubiaChief economistHamburg commercialJonathan cable

EUR/USD Forecast: Euro shows signs of life after PMI data

EUR/USD Forecast: Euro shows signs of life after PMI data
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New zealandChristine lagardeEuropean unionServices pmisEuropean central bankEconomist at hamburg commercial bankCyrus de la rubiaChief economistHamburg commercialJapanese yenSimple moving averagesRelative strength indexHarmonized indexConsumer pricesTrade balance

Eurozone PMI composite rises to 51 4, recovery to sustain

Eurozone's PMI Manufacturing fell from 46.1 to 45.6 in April, below expectation of 46.5. PMI Services rose from 51.5 to 52.9, above expectation of 51.8, an 11-month high. PMI Composite rose from 50.3 to 51.4, also an 11-month high.

Economist at hamburg commercial bankChief economistHamburg commercial bankGoverning council

Sterling and Euro Rebound on PMIs, But No Turn Around Yet

Sterling and Euro rebound broadly today, bolstered by encouraging PMI data that suggests continued recovery momentum in both UK and Eurozone. For the Pound, the latest PMI readings indicate that UK's recovery from last year's recession is gathering pace. Meanwhile, rising cost pressures, particularly in the services sector, are heightening concerns about the sustainability of disinflation progress. These concerns are echoed by some BoE officials, who appear hesitant to consider interest rate cuts in the near future due to the persistent inflationary pressures.

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Euro zone business in services-led bounce in April, PMI survey shows

LONDON (Reuters) - Overall business activity in the euro zone expanded at its fastest pace in nearly a year this month as a buoyant recovery in the bloc's dominant service industry more than offset a deeper downturn in manufacturing, a survey found.

City ofUnited kingdomChristina fincherEconomist at hamburg commercial bankPurchasing manager indexCyrus de la rubiaChief economistHamburg commercialJonathan cable