The euro zone's manufacturing economy posted another stellar result in April, and operating conditions improved at a pace that beat the record from last March's study.
This improvement was underlined by the seasonally adjusted final PMI for the euro zone manufacturing sector, which rose from 62.5 in March to 62.9, its highest level ever recorded (survey data available since June 1997). It was also the 10th consecutive month that the index was above the no-change level of 50.0.
Growth was again generalized by market groups, and both the category of capital goods and that of intermediate goods registered considerable increases.
In fact, the improvement observed in the capital goods subsector was the strongest ever. Meanwhile, the consumer goods subsector experienced a marked improvement in operating conditions, although its growth lagged behind that of the other two categories covered by the study.
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