Economics
Euro Factory Surveys Rise as Price Weakness Persists
This article is for subscribers only.
Euro-area services and manufacturing expanded faster than economists forecast in April, indicating the economy continued to strengthen at the start of the second quarter.
A composite index based on a survey of purchasing managers in both industries rose to 54 in April from 53.1 in March, London-based Markit Economics said today. That exceeded the median estimate of 53.0 in a Bloomberg News survey of economists and was the highest reading in almost three years. A reading above 50 indicates expansion.