The rate of eurozone economic expansion remained only modest in April. Output rose at a pace slightly below the average seen in the opening quarter of the year, with only moderate growth seen in both the manufacturing and service sectors. The final Markit Eurozone PMI® Composite Output Index posted 53.0 in April. This reading was a pip below March’s 53.1 and unchanged from the earlier flash estimate. The index has now signalled expansion in each of the past 34 months. Growth of incoming new business accelerated to a three-month high in April, but remained below the average seen over last year. Higher order inflows ... (full story)