Eurozone service sector continued to expand in April

FXStreet (Mumbai) - The Eurozone Services Business Activity Index came-in at 54.1 in April, beating the preliminary estimate of 53.7. The actual figure was little changed from 54.2 in March.

The details revealed the rate of increase in new business was in line with March’s near four-year record. Staffing numbers rose for the sixth straight month, with the rate of increase staying above the average for this sequence.

Average input costs with the rate of inflation close to March’s eight-month high. However, the service charges continued to fall, albeit at the weakest pace since June of last year.