From Morningstar: 2024-04-23 06:15:00

Flash estimates for UK and Eurozone PMI released, indicating recovery in key economic sectors. Eurozone’s economy grows in April, driven by strong growth in services sector. Eurozone Composite PMI Output Index rises to 51.4, an 11-month high. Services boom, manufacturing struggles with Services PMI at 52.9 and Manufacturing PMI at 45.6. ECB expected to cut interest rates in June based on current economic data. Governing council members showed support for cut in April’s meeting. Chief economist expects June rate cut despite some hesitation due to inflation concerns.



Read more at Morningstar: Flash PMIs: Strong Services Drive Eurozone Expansion