Euro area economic recovery continued at the beginning of the second quarter
May 6, 2024
According to the latest HCOB PMI® surveys, the euro area economic recovery continued to make progress at the beginning of the second quarter, as overall business activity growth accelerated to an 11-month high. Once again, the expansion was driven by the services sector, where output levels improved solidly and at a slightly faster pace than the average since 1998. An increase in new business inflows supported higher activity and the fastest pace of job creation in ten months, while business confidence remained strong.
