Eurozone recovery stalls as services lose momentum despite manufacturing uptick | Euronews Newsletter Events Loader Newsletter Events Loader Loader Search
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ADVERTISEMENT Business activity in the eurozone eked out minimal growth in April, as a faltering services sector offset a surprise manufacturing rebound, while easing inflation strengthened expectations of a European Central Bank rate cut at its next June meeting. The S&P Global Purchasing Managers’ Index (PMI) for the eurozone rose slightly to 50.1 in April, a level that technically signals growth, but only just. The reading, revised up from an initial 49.7, revealed an economy struggling to
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