Eurozone, signs of recovery: the PMI index returns to the levels of May 2011

Signs of recovery for the PMI of the Eurozone, where “employment is growing again with the expansion of activities that is close to the record for three years now. Indeed, in April, Eurozone activity increased at the fastest rate in nearly three years, helping to return to job creation. This was revealed by the flash estimate of the Markit PMI Composite Eurozone Production Index which rose from 53,1 points in March to 54 points in April. This was revealed by Markit which released the SMEs of the Eurozone. April's reading was the highest since May 2011. In the same month, the flash estimate of the Markit Eurozone Services PMI rose to 53,1 from 52,2 in March, while the flash estimate of the Markit Manufacturing PMI rose to 53,3 from 53 last month.