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Judging by Friday's advance PMIs for April, new virus restrictions had minimal impact on EZ economic activity at the start of the second quarter. The composite PMI
in the euro area increased slightly, to 53.7 from 53.2 in March, lifted by a further gain in the manufacturing index, 63.3 from 62.5 last month, and a continued rebound in the services PMI, to 50.3 from 49.6 in March.
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