• 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.