In April, the eurozone business activity stagnated, approaching contraction levels with the Composite PMI dropping from 50.9 to 50.1. Germany and France face significant declines in business output and confidence, while new orders show considerable decreases, raising broader economic concerns.
Employment stagnates due to job cuts in manufacturing outweighing gains in services. The decline in new business marks the most significant drop this year, with confidence in the economic outlook falling to its lowest since November 2022 amid trade tensions.
Leave a Reply