23rd April 2014
The euro has advanced against both the dollar and yen in forex trading markets today (April 23rd), following the release of latest eurozone data.
Markit's manufacturing purchasing managers' index (PMI) for the region edged up to 53.3 this month, from 53.0 in April. The consensus estimate had been for an unchanged result.
The services sector also strengthened, with the PMI climbing from 52.2 in March to 53.1 this month, beating expectations for a 52.4 reading.
Indicating continuing recovery in the eurozone economy, the reports have been welcomed by investors.
In addition, the manufacturing PMI for Germany - the bloc's largest economy - advanced from 53.7 to 54.2 this month, while its services sector climbed to 55.0, up by two full percentage points from March.
However, this progress was tempered by results in France, where the country's private sector lost momentum. The manufacturing PMI dropped from 52.1 to 50.9, confounding expectations for a smaller drop to 51.9.
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