According to the data of RBS and NTC Research Eurozone Services, the growth of activity in the services sector of the euro area slowed down in April.
PMI, reflecting the activity in services sector, fell in April to 57.0 points from 57.4 points in March. The reading above 50 indicates activity growth, below 50 - recession.
The index was below analysts expectations, who estimated the increase to 57.6 points and it may weaken euro position toward other currencies. Besides, the index achieved its minimum since October 2006.
The index of employment fell in April from 54.6 points to 54.1. The index of prices rose from 53.8 to 54.4. However, the index of economic expectations rose from 64.4 points to 67.7, suggesting activity rise in the nearest future.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment