Composite PMI fell to 48.8 in April, a 17-month low. Services collapsed to a 62-month low of 47.6. Input costs hit a 37-month high. The ECB is at neutral with no clean policy exit.
Eurozone manufacturing PMI rose to 52.2 in April, its highest level in nearly four years, as new orders expanded at the fastest pace since 2022 and input costs climbed sharply. Source
