2024-04-27 22:24:55
The German PMI composite index (this indicator reflects the weighted average dynamics in the services and industrial sectors) was in the growth zone in April 2024.
As Day.Az reports with reference to Lenta.ru, this happened for the first time in the last ten months.
The preliminary value of the indicator was at 50.5 points, while in March this figure was 47.7, the publication clarifies, citing statistics from Hamburg Commercial Bank (HCOB) and S&P Global. The growth in the services segment was especially pronounced: 53.3 points after 50.1 the month before.
At the same time, the German industrial index grew worse: in April it increased to 42.2 points (from 41.9 points in March). The German Central Bank previously reported an increase in production in energy-intensive industries, as well as an improvement in the situation with the export of goods.
At the beginning of the second quarter of 2024, business activity in the eurozone countries as a whole showed the greatest growth in eleven months, analysts say. Its composite index rose to 51.4 points (an increase of 1.1 points over the month). A noticeable improvement occurred in the services sector.