The purchasing managers' index (PMI) for the Eurozone manufacturing sector fell to a 13-month low in April this year due to a slowdown in growth across five of the eight nations covered, data supplier IHS Markit said on Wednesday May 2.
The final rating for April was 56.2, down from 56.6 in March, after the sector experienced its fourth consecutive rating fall so far this year.A figure higher than 50 indicates that the manufacturing economy is expanding, while a reading of less than 50 indicates a contraction.Five of the eight nations covered (The Netherlands, Germany, Italy, Spain and Greece) had slower rates of growth than in March. The pace of expansion was unchanged in...