Euro Dives to a Fresh Yearly Low Despite Euro-Zone Services, Manufacturing Expanding at the Fastest Pace in Three Years

Euro Dives to a Fresh Yearly Low Despite Euro-Zone Services, Manufacturing Expanding at the Fastest Pace in Three Years

  • Posted Wednesday, May 05, 2010 -
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Manufacturing and services industries in Europe expanded at the fastest pace since August 2007. The final reading for the composite index jumped to 57.3 in April from 55.9 (a reading above 50 indicates expansion) the month prior, and was in line with economists expectations.

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