Eurozone Final April Manufacturing PMI 45.7 vs. 45.6 expected ...Middle East

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Eurozone Final April Manufacturing PMI 45.7 vs. 45.6 expected
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Eurozone Final April Manufacturing PMI 45.7 vs. 45.6 expected and 46.1 prior.Key findings: HCOB Eurozone Manufacturing PMI at 45.7 (Mar: 46.1). 4-month low. HCOB Eurozone Manufacturing PMI Output Index at 47.3 (Mar: 47.1). 12-month high. Factory production falls at slowest pace in a year and confidence rises, but new order decline quickensComment:“What is going to rescue the Eurozone economy? While this is a difficult question, one thing is clear: It’s not the manufacturing sector. Instead, this sector is prolonging its drawn out recession into April. Output shrank at a similar pace as in the months before and companies have reduced their purchases at an accelerated rate. Compounding the iss

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