Eurozone flash manufacturing PMI arrives at 47.8 in April, EUR/USD tests 1.1250

The Eurozone manufacturing sector activity showed some improvement in the month of April, the latest manufacturing activity survey from IHS/Markit research showed.

The Eurozone manufacturing purchasing managers index (PMI) came in at a 2-month highs of 47.8 in April vs. 47.9 expected and 47.5 last while the services PMI fell sharply to 3-month lows of 52.5 vs. 53.3 last.

The IHS Markit Eurozone PMI Composite rose declined from 51.6 in March to 51.3 in April, hitting fresh 3-month lows.