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Manufacturing PMI (Preliminary) of the Eurozone published by research group Markit increased to 53.3 in April from 53.0 in March. The projected figure was 53.0. Germany’s manufacturing PMI climbed to 54.2 in April from 53.7 in March, exceeding forecast of 53.9. The French manufacturing PMI was down to 50.9 in April from 52.1 in March. The forecast was 51.9.
These figures show that the Eurozone economic activity is recovering. But there is a disappointment about the French figures.Markit's chief economist Chris Williamson said the pace of growth of business activity in April means the region is expanding at the fastest rate for almost three years.
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