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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE DATA
MNI (London)
SPAIN APR SERVICES PMI 57.1 (FORCST 55.9); MAR 53.4
ITALY APR SERVICES PMI 55.7 (FORCST 54.5); MAR 52.1
FRANCE FINAL APR SERVICES PMI 58.9r (FLASH 58.8); MAR 57.4
GERMANY FINAL APR SERVICE PMI 57.6r (FLASH 57.9); MAR 56.1
EUROZONE FINAL APR SERVICES PMI 57.7(=FLASH); MAR 55.6
- This morning's round of final PMIs saw services come in strong across the Eurozone, keeping composite PMIs for the region afloat.
- France saw a 0.1-point upwards revision on the flash, whilst Germany ticked down 0.3 points from the prelim number.
- Spain and Italy both beat expectations, with services PMIs up 3.7 and 3.6 points respectively.
- Loosened Covid restrictions saw strong recoveries of service sectors in the region in April, despite input and output prices at Euro-era record highs. Eurozone services activity reached an 8-month high.
- As the manufacturing PMIs were seen faltering across the region due to worsened inflationary pressures and supply-chain issues due to the Ukraine war, the service industry has provided a key boost.
- Phil Smith, Economic Associate Director at S&P Global warned "The current pace of growth looks unsustainable, however, especially when factoring in a potential drag from manufacturing and a squeeze on real incomes from ever-rising prices."
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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