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Price rise hits eurozone's factory activity

  • Factory activity in the eurozone grew at a slower pace after manufacturers increased their prices.

    The Purchasing Managers’ Index (PMI) fell from the 10-month high of 52.2 in March to 52.0 in April. However, the figure has now been over the 50-mark for 22 months.

    Spain and Ireland were the best-performing countries, thanks to a boost in their export orders.

    Austria’s PMI reflects continued stagnation of manufacturing, while debt-hit Greece has seen a sharp drop in production and new orders.

    Tagged as: factory activity, eurozone, manufacturers, PMI, Spain, Ireland, eurozone manufacturing, eurzone economy, business news