Eurozone factories performed slightly better in April, with output not losing as much momentum as initially forecast although growth in activity stayed weak despite deep discounting, a survey shows.
There was a mixed picture , with manufacturing growth strong in Italy and Spain last month while Germany showed signs of reviving. Activity in France, however, contracted at the steepest rate in a year.
Markit’s manufacturing Purchasing Managers’ Index (PMI) for the eurozone rose to 51.7 from March’s 51.6. A reading above 50 indicates growth.
