EU S&P Global Services PMI Final (Apr) 47.6 vs. Exp. 47.4 (Prev. 50.2)
Context
The final reading of the EU S&P Global Services PMI for April came in at 47.6, slightly above expectations of 47.4, but significantly below the previous month’s print of 50.2. This suggests a contraction in the services sector, indicating economic weakness that could have implications for policy and future growth outlook.
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