Eurozone Preliminary Manufacturing PMI drops to 45.6 in April vs. 46.5 expected
- Eurozone Manufacturing PMI fell to 45.6 in April, missing 46.5 consensus.
- Bloc’s Services PMI climbed to 52.9 in April vs. 51.8 forecast.
- EUR/USD eases from near 1.0700 after German, Eurozone PMI data.
The Eurozone manufacturing sector activity contraction unexpectedly deepened while the services sector continued to expand in April, according to the data from the HCOB’s latest purchasing managers index survey released on Tuesday.
more to come …