Monday, May 4, 2009

The euro, April 2009: The index of business activity in the industrial sector

Activities in the industrial sector falls eleventh month in succession, but the rate of fall slowed in April, and were lowest since October last year. The index of business activity by purchasing managers in the euro area in April rose to 36.8 from 33.9 in March. Economists expected the index coincide with the preliminary 36.7. The index below 50 points indicates the reduction in the sector. Activities in the business community beginning to rise after touching seasonal minima. Although unemployment has new record-low levels. The index of business activity in Germany rose to 35.4 - up from November 2008 to 32.4 in March and 35.0 in the preliminary calculations. In France, the index was a maximum of six months in April, 40.1 in March from 36.5. In Italy, also shows an increase to 37.2 from 34.6 in March. Data on an index of business activity is based on similar reports in Germany, France, Italy, Spain, Ireland, Austria, Greece, the Netherlands, which together account for 92% of euro area activity.

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