”The composite Purchasing Managers’ Index for the industCoy and the services sector in the euro area fell from 50.9 to 50.1. The situation deteriorated particularly in the services sectors in Germany and France. However, sentiment in the manufacturing sector remained stable. For this reason, today’s setback is likely to be only marginally attributable to US tariff policy. The composite PMI for manufacturing and the services sector in the euro area fell slightly in April from 50.9 to 50.1, which is largely in line with expectations. The decline is attributable to weaker results for the two largest economies in the eurozone. The composite PMI fell both in Germany (from 51.3 to 49.7) and in France (from 48.0 to 47.3).”
Morten W. Langer
