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SERVICE SECTOR BUOYED WHILE MANUFACTURING CONDITIONS WORSEN According to S&P Global, “Eurozone economic growth accelerated in April as a rebounding service sector, benefitting from loosened COVID-19 restrictions, helped compensate for a near stalling of manufacturing output”. Overall, despite rising input costs and general inflation concerns, the manufacturing data printed above expectations of 54.7 (Composite) April Flash Euro Zone PMI at 55.8 vs 54.9 in March (Services) April Flash Euro Zone PMI at 57.7 vs 55.6 in March (Manufacturing) April Flash Euro Zone PMI at 55.3 vs 56.5 in March Readings above 50 tend to signal optimism and industry expansion while reading below 50 indicate a contraction.