Europe’s Business Activity Expands At Fastest Pace In A Year

Business activity across Europe expanded at its fastest pace in a year during April as a resurgence in the continent’s services industry helped to offset a downturn in manufacturing.Europe’s Purchasing Managers’ Index (PMI), which is compiled by S&P Global (SPGI) and considered a gauge of economic health, rose to 51.7 in April from 50.3 in March.April was the second consecutive month that Europe’s PMI was above the 50 mark that separates growth from economic contraction. It was also the highest level since May 2023.The services sector’s PMI increased to 53.3 in April from 51.5 in…