Italian service sector expands in April

Source: RTT News
Service sector in Italy accelerated modestly in April following previous month of contractions, the latest survey revealed by Markit Economics showed on Tuesday. According to the survey, the country's service sector business activity index jumped from a level of 49.5 points in March to 51.1 points in April, with the reading above 50 points signaling expansion.

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Tue, 06 May 2014 16:06:04 GMT

Eurozone's private sector gains to 3-year high

Private sector in the 18-nation bloc expanded in April rising for the tenth consecutive month and reaching the strongest level since May 2011, a survey released by the Markit Economics showed on Tuesday. According to the survey, the purchasing managers' index advanced from 53.1 points recorded in March to 54 points in April, the most since 2011.

Tue, 06 May 2014 15:33:02 GMT

U.S. trade deficit shrinks in March

Trade balance in the world's largest economy came in a deficit in March, however the deficit narrowed by more than economists originally projected as exports rebounded, the latest figure released by the Commerce Department showed on Tuesday. The U.S. trade deficit shrank to 40.4 billion from February's level of $41.9 billion.

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