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4 May 2015
Eurozone manufacturing activity continueds to expand in April
FXStreet (Mumbai) - The Eurozone manufacturing PMI beat the flash estimate of 51.9 to print at 52.00 in April. The actual data was lower than March’s 52.2.
The new orders rose for the fifth month running, while the New export order inflows at Eurozone manufacturers rose for the twenty-second straight month in April. Job creation was registered for the eighth straight month, with the pace of increase the highest since August 2011.
Input costs rose for the second successive month, following a six straight months of reductions. Meanwhile, average selling prices ticked higher for the first time since August 2014.
As per Chris Williamson, Chief Economist at Markit, “The Eurozone manufacturing sector continued to grow in April, but the dip in the rate of expansion will serve to check recent optimism that the ECB’s quantitative easing programme has bought a guaranteed ticket to recovery for the region. Price indices have also turned higher and manufacturers are taking on staff at the fastest rate since mid-2011. Policymakers should therefore be quietly confident that the region remains on a steady recovery trend.”
The new orders rose for the fifth month running, while the New export order inflows at Eurozone manufacturers rose for the twenty-second straight month in April. Job creation was registered for the eighth straight month, with the pace of increase the highest since August 2011.
Input costs rose for the second successive month, following a six straight months of reductions. Meanwhile, average selling prices ticked higher for the first time since August 2014.
As per Chris Williamson, Chief Economist at Markit, “The Eurozone manufacturing sector continued to grow in April, but the dip in the rate of expansion will serve to check recent optimism that the ECB’s quantitative easing programme has bought a guaranteed ticket to recovery for the region. Price indices have also turned higher and manufacturers are taking on staff at the fastest rate since mid-2011. Policymakers should therefore be quietly confident that the region remains on a steady recovery trend.”