• The downturn in manufacturing activity across the euro zone deepened in April due to crumbling demand despite factories cutting prices, pushing firms to reduce headcount again, a survey showed on Thursday.
• HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 45.7 in April from March’s 46.1, below the 50 mark denoting growth in activity for a 22nd month. However, it was just ahead of a 45.6 preliminary estimate.
• An index measuring output, which feeds into a composite PMI due on Monday and is seen as a good gauge of economic health, nudged up from March’s 47.1 to 47.3, matching the flash estimate.

https://www.reuters.com/markets/europe/euro-zone-factory-activity-took-turn-worse-april-pmi-shows-2024-05-02/