India, May 6 -- Euro area private sector growth weakened in April as soft demand conditions limited the speed of expansion and weighed on sentiment, final results of the purchasing managers' survey by S&P Global showed on Tuesday.
The HCOB final composite output index fell to 50.4 in April from 50.9 in March, but the reading suggested growth for the fourth straight month. However, the score remained close to the neutral mark of 50, signalling weak growth. The upturn was entirely driven by the manufacturing sector, where output grew at its fastest rate since March 2022. Meanwhile, there was a near-stagnation of activity in the services industry.
Among major economies, France remained the outlier, registering a contraction for the eighth mo...