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International Business Times
International Business Times
Business
AFP News

Eurozone Business Activity Accelerates In April

eurozone ECB SP Global
The services sector propped up the eurozone's economic activity in April (Credit: AFP)

Business activity in the eurozone picked up in April thanks to "increasingly robust" growth in the services sector, a closely watched survey showed Tuesday.

The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global registered a figure of 51.4 in April from 50.3 in March. It was the highest in 11 months. Any reading above 50 indicates growth, while a figure below 50 shows contraction.

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