Eurozone flash manufacturing PMI disappoints in April

Eurozone PMI report as released by Markit showed, both the manufacturing and services sector activity remained subdued in April.

The manufacturing PMI from the 19-nations bloc dropped to 51.5 in April, from 51.6 seen in March and missed estimates of a 51.7 figure. While the services sector grew modestly to 53.2 in April compared to the 53.1 booked in March, although missed forecasts of a 53.3 reading.

The composite gauge ticked down to 53.0 in April, from 53.1 points seen in March, when its rebounded from 13-month troughs.