Eurozone April Final Services PMI 53.3 vs. 52.9 expected ...Middle East

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Eurozone April Final Services PMI 53.3 vs. 52.9 expected
Services PMI 53.3 vs. 52.9 expected and 51.5 prior.Composite PMI 51.7 vs. 51.4 expeced and 50.3 prior.Key findings:HCOB Eurozone Composite PMI Output Index at 51.7 (Mar: 50.3). 11-month high. HCOB Eurozone Services PMI Business Activity Index at 53.3 (Mar: 51.5). 11-month high. Service sector recovery drives growth in April, but price pressures build.Comment:Commenting on the PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “This looks pretty nice. Service providers have now expanded their activity for the third consecutive month, putting an end to the lack of dynamism observed in the second half of last year. Encouragingly, employment has increased at a fas

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