- Eurozone economic growth accelerated in April as a rebounding service sector, benefitting from loosened COVID-19 restrictions, helped compensate for a near-stalling of manufacturing output.
- Growth trends varied markedly by sector. Business activity among service providers rose at the fastest rate since last August amid falling COVID-19 case numbers and an associated relaxation of health restrictions.
- The eurozone has therefore started the second quarter on a stronger than anticipated footing, confounding consensus expectations of a slowdown.
For further details see:
Eurozone Growth Up - Services Demand Offsets Near-Stalling Of Manufacturing, Prices Rise