India, April 23 -- The euro area private sector expanded the most in nearly a year in April as the continuing downturn in the manufacturing activity was offset the strength in the service sector, flash survey results from S&P Global showed on Tuesday. The composite output index registered 51.4 in April, up from 50.3 in March. The reading stayed above economists' forecast of 50.8.
The private sector expanded for the second month in a row in April after a continual decline over the nine months to February. The score signaled the strongest growth since last May.
Service sector output expanded for a third consecutive month with the pace of expansion strongest since eleven months, while manufacturing output shrank for a thirteenth straight mon...