EU economy is recovering, the eurozone is recording the best pace of the last year

Economic activity in the euro area is recovering with the services sector showing growth while the industry declined. The Composite Purchasing Managers (PMI) indicator rose to 51.7 points in April. Service providers expanded activities for the third consecutive month. The Eurozone's services sector PMI reached 53.3 points, the highest since May 2023. The industry expectations index fell slightly. Employment growth was fastest in almost a year. Investor confidence in the euro area improved in May, reaching the highest level since February 2022.

Source:

https://www.energynomics.ro/en/eu-economy-is-recovering-the-eurozone-is-recording-the-best-pace-of-the-last-year/

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