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02.05.2016 16:26

Eurozone’s final manufacturing PMI climbs to 51.7 in April

Markit Economics released its final manufacturing purchasing managers' index (PMI) for the Eurozone on Monday. Eurozone's final manufacturing purchasing managers' index (PMI) climbed to 51.7 in April from 51.6 in March, up from the preliminary reading of 51.5.

The rise was driven by a faster growth in employment and as deflationary pressures moderated.

"The survey is signalling an anaemic annual rate of growth of manufacturing production of just less than 1%, which is half the pace seen in the months leading up to the recent slowdown," Chris Williamson, Chief Economist at Markit said.

"The survey data therefore so far show no signs of ECB stimulus or the weaker euro helping to revive the manufacturing sector, at least for the euro area as a whole," he added.

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