Euro zone business activity grows at fastest pace in almost a year, PMI shows

If salary increase for civil servants is feasible, why would one suggest the budget for it might not be passed? — Hafiz Hassan

HCOB’s composite Purchasing Managers’ Index for the currency union, compiled by S&P Global and seen as a good gauge of overall economic health, bounced to 51.7 in April from March’s 50.3, surpassing a preliminary 51.4 estimate. The services PMI leapt to 53.3 from 51.5, above the flash estimate of 52.9 and its highest reading since last May.

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