Down from March final read of 48.4 and some way below Reuter’s median forecast of 49.0.
Fastest contraction since July 2009. Something of a shocker!!
April services PMI 52.6, up from final March read of 52.1 and very marginally stronger than Reuter’s median forecast of 52.3.
Data has fuelled extension of EUR/USD sell-off, presently at new session low of 1.3144.
