India, April 23 -- The euro area private sector moved closer to stagnation in April as activity was held back by faster reduction in orders amid the escalating trade tariff concerns, the results of the latest purchasing managers' survey by S&P Global showed on Wednesday.
The HCOB flash composite output index eased to 50.1 in April, which was only slightly above the 50.0 no-change mark.
The score was down from 50.9 in March and also hit the lowest in four months. Economists had forecast the index to slip to 50.3.
The survey showed contrasting trends between manufacturing and service sectors. Services activity dropped marginally, ending a four-month sequence of growth, while manufacturing production showed the most marked increase since Ma...