Mumbai, April 23 -- The Eurozone private sector saw output remain broadly stable in April, as signalled by provisional PMI survey data. Business activity was held back by a faster reduction in new orders and waning confidence in the year-ahead outlook. In fact, business sentiment was the lowest for almost two-and-a-half years.
In line with the picture for output, there was little change to euro area employment at the start of the second quarter. Manufacturers continued to scale back purchasing, albeit to the least marked extent in almost three years.
Meanwhile, overall inflationary pressures eased, with both input costs and output prices rising at weaker rates.
The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index, based...