Mumbai, May 4 -- Eurozone manufacturing growth gained momentum in April, with the S&P Global Eurozone Manufacturing PMI rising to 52.2 from 51.6 in March-its highest level in nearly four years. The improvement was driven by stronger demand, as new orders increased at the fastest pace in four years, pushing production higher. Export orders also grew for the first time in over four years, signalling a recovery in international demand.
Much of the growth was linked to front-loaded purchasing, as customers placed orders early to avoid expected price hikes and supply disruptions tied to the Middle East conflict. This also led manufacturers to increase their own purchasing activity at the fastest pace since mid-2022.
However, rising demand adde...