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Eurozone Economic Activity Surges to Six-Year High

A surge in activity in France suggests the region's election risks are not holding back broader sentiment.

Eurozone economic activity hit a fresh six-year high this month, according to a preliminary estimate from IHS Markit.

IHS Markit Economics' composite PMI reading of Eurozone growth rose to 56.7 in April, up from 56.4 in March and the highest tally in six years. Readings above 50 indicate economic growth. Markit's measure of manufacturing activity rose to 58.0, a 72-month high (up from 57.5 in March) while the pace of activity in the services sector jumped to 56.2 from a previous reading of 56.0. The figures indicate first quarter GDP growth of around 0.7%, Markit said, that could lead to upward revisions in full-year growth forecasts.

READ MORE: Eurozone Economic Activity Hits Fresh Six-Year High as France Powers Ahead Despite Election Risks

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This article was written by a staff member of TheStreet.