The PMI composite index falls in the eurozone, a Markit Economics study shows, coming in at 46.7 percentage points in April. That was down from 49.1, which it produced in March. The figure has surpassed the analysts expectations who have been predicting it would reach 47.4 percentage points last month. The index based on surveys of banks and airlines and is used to show developing trends in the European Union’s service sector. In Germany, the PMI composite index rose by 0.1 percent to 52.2 percentage points in April, with analysts having predicted a result of 52.6 points.
