Eurozone manufacturing expands at fastest pace since 2011
Optimism in the eurozone economy is unfazed by political concerns
IHS Markit’s Eurozone Manufacturing PMI rose to 56.7 in April from 56.2 the month prior, as the region’s economy benefits from a weak euro, while political concerns subside, reports Bloomberg.
“Companies are benefiting from the historically weak euro, improved growth in key export markets, rising domestic demand and ongoing central-bank stimulus including record-low interest rates,” Bloomberg quoted Chris Williamson of IHS Markit as saying. He added that “optimism about the year ahead, meanwhile, appears unaffected by political worries.